US News: £100m funding package for Londonderry - - PressFrom - United Kingdom
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US News£100m funding package for Londonderry

08:35  07 may  2019
08:35  07 may  2019 Source:   msn.com

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The Government has outlined details of a £ 100 million-plus funding package for Londonderry . The investment is made up of £ 50 million in funding for the Derry and Strabane City Deal and £ 55 million of additional support through a new Inclusive Future Fund aimed at tackling deprivation and employment

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£100m funding package for Londonderry © Brian Lawless Northern Ireland Secretary Karen Bradley (Brian Lawless/PA) The Government has outlined details of a £100 million-plus funding package for Londonderry.

The investment is made up of £50 million in funding for the Derry and Strabane City Deal and £55 million of additional support through a new Inclusive Future Fund aimed at tackling deprivation and employment issues in the city.

The Government had already signalled its intent to part-finance a city investment deal similar to the agreement secured by Belfast. The Government has committed £350 million to the Belfast city deal.

£100m funding package for Londonderry © Provided by The Press Association Talks are due to begin to restart powersharing at Stormont (Niall Carson/PA)

The Derry package was announced ahead of Tuesday’s new round of Stormont talks aimed at restoring powersharing in Northern Ireland.

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The Government has outlined details of a £ 100 million-plus funding package for Londonderry . The investment is made up of £ 50 million in funding for the Derry and Strabane City Deal and £ 55 million of additional support through a new Inclusive Future Fund aimed at tackling deprivation and employment

The Government has outlined details of a £ 100 million-plus funding package for Londonderry . Bradley on Monday announced a £ 105m investment package for the Londonderry region. The talks also come after last week’s local elections in Northern Ireland failed to change the political calculus.

It comes weeks after the dissident republican murder of journalist Lyra McKee in the city. Many believe the extremists are exploiting disaffection and deprivation experienced by young people in parts of the city to bolster their ranks.

Northern Ireland Secretary Karen Bradley said the Derry City and Strabane City Deal would boost innovation and the digital potential of the region and unlock local partner funding.

She said it would enable new projects such as a Centre for Industrial Digitisation, Robotics and Automation and a programme of investment in the city’s digital connectivity infrastructure – subject to business case approval.

£100m funding package for Londonderry © Provided by The Press Association Journalist Lyra McKee was killed during clashes between police and New IRA dissidents in Londonderry (Family handout/PA) “This £105 million investment package is a major boost to the economic potential of the region and will help strengthen the foundations for greater prosperity and a stronger, more united society,” she said.

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Funding package will help City Deal plus help tackle deprivation and go towards job creation. Jonathan Porter/PressEye/DPA/PA Images. The Government has outlined details of a £ 100 million-plus funding package for Londonderry . The investment is made up of £ 50 million in funding for the

The Social Development Department has called for organisations in Londonderry to bid for part of a £ 10 m funding package for City of Culture 2013. The funding will go towards venues and services, retail areas and an indoor venue for prestigious events.

“The new Inclusive Future Fund recognises the unique circumstances facing the region and will help create new opportunities for the whole of the community, especially for young people.

“As Secretary of State, I am deeply committed to building a dynamic, prosperous, outward-looking Northern Ireland that works for everyone, irrespective of community background.

“Today’s announcement is a major milestone in my personal determination to unlock the huge potential that the whole of Northern Ireland has to offer.”

The money offered through the Inclusive Future Fund will focus on delivering greater prosperity and social benefits by tackling issues such as deprivation and youth unemployment.

Communities Secretary James Brokenshire said: “This major investment in the people and community of Derry-Londonderry and Strabane will bring enormous benefits for years to come.

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Londonderry Township is a rural community located in the Southern end of Dauphin County, Pennsylvania between the towns of Elizabethtown and Middletown. Currently consisting of 5200 residents and over 75 small businesses, the rural appeal has been maintained between the rolling

Each fund targets a section of London's early stage and small business community for whom there exists a funding gap. The Greater London Investment Fund (GLIF) operates as a £ 100 m Fund of funds . GLIF provides loan and equity finance for London's SMEs, through investment in three

“It will create high-value jobs, put the area at the forefront of the UK’s growing digital economy and complement the Belfast Regional City Deal.”

The council’s city deal bid was supported by a range of local education, business and economic partners in the north west, including Ulster University, North West Regional College, the Londonderry and Strabane chambers of commerce, Western Health and Social Care Trust, Visit Derry, City Centre Initiative and Foyle Port.

Mayor of Derry City and Strabane District Council John Boyle welcomed the investment.

£100m funding package for Londonderry © Provided by The Press Association Communities Secretary James Brokenshire (Jonathan Brady/PA) “This hugely significant announcement today for the Derry and Strabane District will go some considerable way in addressing the long-standing obstacles to economic development that this city region and its people face,” he said.

“It is good news and is the result of an enormous amount of work and sustained effort invested by council and the city and regional partners to develop, deliver and negotiate on the bid.”

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Occupational Therapists – Orthopedic. Packaging – Pumps. At 5pm today the Londonderry Town Clerk Meg Seymour could hardly get out the email announcing the final list of candidates. 3 Royal Ln. Note Neila Brownstein has withdrawn her name from the Trustees of the Trust fund .

Vice chancellor of Ulster University, Professor Paddy Nixon, said: “This investment will now see the rapid development of plans to grow and enhance facilities and student numbers at the Magee Campus including the Graduate Entry Medical School.”

Brian McGrath, president of Londonderry Chamber of Commerce, said: “This funding is hugely welcome and provides a solid platform upon which to grow and enhance the competitiveness of the city and region and attract further significant exciting new companies, business prospects and investment.”

Sinn Fein MP for Foyle Elisha McCallion welcomed the investment as a “first step”. She said the Government must do more to address “regional imbalance” in the north west.

“The British Government have a responsibility to deliver a proper financial contribution towards developing the north west region,” she said.

“We need more adequate funding to help unlock the region’s economic potential as part of the strategic growth plan.”

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