Investment of £100m for Causeway coast and glens

Elaine Mitchell - North East Reporter
2 min read
0
Signing the deal
The first and deputy first miniters both attended the signing of the deal [Causeway Coast and Glens Council]

A range of projects for towns across Causeway Coast and Glens council area have been announced as part of a £100m growth deal.

The UK government has allocated £36m of the money, matched by £36m from the Northern Ireland Executive, with partner contributions making up the rest.

The formal signing of the terms took place at Ulster University’s Coleraine Campus on Wednesday morning.

The growth deal, which will be rolled out over the next decade, will focus on the areas of tourism and regeneration, infrastructure and digital and Innovation.

Projects outlined in the deal include:

  • Centre for food and drug discovery at Ulster University Coleraine

  • Business innovation and incubation hub at Atlantic Link Coleraine

  • Innovation hub at North West Regional College, Limavady

  • Bushmills connected: regeneration project

  • Dungiven regeneration

  • Cushendall innovation centre

  • Coleraine leisure and wellbeing centre

  • Connected Causeway traffic and parking

  • Portrush to Bushmills greenway

First Minister and deputy First Minister
The First Minister and deputy First Minister attended the event [BBC]

First Minister Michelle O’Neill said it was a great opportunity.

"The deals are helping to create a more dynamic and competitive economy here," she said.

"Importantly, the deals will have a positive impact on the quality of life for so many including our young people, our businesses, and the many visitors who flock to the Causeway coast and glens.”

Deputy First Minister Emma Little-Pengelly told the audience that her childhood was “forged in the caravans and beaches of the Causeway coast and glens”.

“The increase in key transport links will also attract more visitors to this beautiful area," she said.

Finance Minister
Finance Minister Caoimhe Archibald is from Coleraine [BBC]

'Game-changer'

Finance Minister Caoimhe Archibald, who is from Coleraine, said the investment was a "starting point to stimulate growth".

"The substantial injection of £100million into the Causeway coast and glens region is a game-changer for the area," she said.

Northern Ireland Office Minister Lord Caine said the deal had the potential to bring significant economic benefits to the region.

“I hope it can take us one step further to Northern Ireland being the best place in the world to invest," he said.

The Mayor of Causeway Coast and Glens Borough Council Steven Callaghan said it was just the beginning of the journey.

Advertisement

Recommended Stories

  • Boeing locks out its private firefighters around Seattle over pay dispute

    Boeing has locked out its private force of firefighters who protect its aircraft-manufacturing plants in the Seattle area and brought in replacements after the latest round of negotiations with the firefighters' union failed to deliver an agreement on wages. The company said Saturday that it locked out about 125 firefighters and a facility about 170 miles (275 kilometers) away in central Washington. The firefighters serve as first responders to fires and medical emergencies and can call in help from local fire departments.

  • Sadiq Khan Vows More Climate Action After London Mayor Win

    (Bloomberg) -- London Mayor Sadiq Khan pledged to press ahead with “world-leading green action” after comfortably winning a historic third term, a result that will bolster expectations for a Labour Party victory in a general election later this year. Most Read from BloombergEverything Apple Plans to Show at May 7 ‘Let Loose’ iPad EventThe World’s Hunger for Salmon Is Linked to an Ecological DisasterSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineTrump Aide Hicks Cries on Witness St

  • Fed's Williams says 2% inflation target 'critical'

    PALO ALTO, California (Reuters) -The U.S. central bank's 2% target for inflation is key to achieving price stability and essential for ensuring economic prosperity, New York Federal Reserve Bank President John Williams said on Friday. His defense of the inflation target comes amid persistent calls from some corners for the Fed to overhaul the way it guides, sets and communicates policy. "Theory and experience have also shown the importance of transparency and clear communication, including setting an explicit, numerical longer-run inflation target, and of taking appropriate actions to support the achievement of that goal," Williams told a monetary policy conference at Stanford University's Hoover Institution.

  • Brazil Rejects Vale-BHP’s Offer in 2015 Deadly Dam Collapse

    (Bloomberg) -- Brazil’s government rejected mining giants Vale SA and BHP Group Ltd.’s offer to pay about $25.7 billion (127 billion reais) in total compensation for a 2015 tailings dam disaster at the companies’ iron ore joint venture Samarco Mariana.Most Read from BloombergEverything Apple Plans to Show at May 7 ‘Let Loose’ iPad EventThe World’s Hunger for Salmon Is Linked to an Ecological DisasterSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineTrump Aide Hicks Cries on Witness S

  • An AI-controlled fighter jet took the Air Force leader for a historic ride. What that means for war

    With the midday sun blazing, an experimental orange and white F-16 fighter jet launched with a familiar roar that is a hallmark of U.S. airpower. AI marks one of the biggest advances in military aviation since the introduction of stealth in the early 1990s, and the Air Force has aggressively leaned in. It was fitting that the dogfight took place at Edwards Air Force Base, a vast desert facility where Chuck Yeager broke the speed of sound and the military has incubated its most secret aerospace advances.

  • History Says the Stock Market Could Soar if Donald Trump Is Elected President. Here's What Investors Should Know

    The S&P 500 performed exceptionally well during Donald Trump's last presidency, but the future looks bright for investors regardless of who wins the election.

  • IRS says audits for rich people and corporations are about to hit a whole new level. Buckle up.

    The tax agency announced new goals in an effort to show what it’s doing to maximize the billions of dollars provided by the Inflation Reduction Act.

  • Warren Buffett says taxes may rise to offset widening US deficits

    Warren Buffett said he expects the U.S. government to increase taxes to tackle widening fiscal deficits rather than reduce spending. "I think higher taxes are likely," he said on Saturday at Berkshire Hathaway's annual shareholder meeting in Omaha. The Congressional Budget Office has estimated in its latest long-term budget projections federal deficits will rise to 8.5% of gross domestic product in fiscal 2054 from 5.5% in fiscal 2024.

  • ‘Think about Europe, but everything a little worse’: The U.K. economy could stare down long-term irrelevance without immigration

    The U.K. is expected to grow more slowly than most of the world's developed nations this year, but it can save itself in the long run.

  • Biden vetoes bid to repeal US labor board rule on contract, franchise workers

    President Joe Biden followed through on Friday on his vow to veto a Republican-backed measure that would have repealed a U.S. labor board rule treating companies as the employers of many of their contract and franchise workers and requiring them to bargain with those workers' unions. The proposal to repeal the National Labor Relations Board rule passed Congress narrowly and it is unlikely Republicans can muster the two-thirds majority to override the veto by Biden, a Democrat. In a memo to lawmakers, Biden said the board's rule would ensure that employers cannot evade their legal obligations by controlling workers indirectly through contractors.