Executive to match fund City Deals for Derry
The Executive announced on Monday that it will match-fund Derry’s planned City Deal and Inclusive Growth Deal.
The overall package of £210 million will be transformative for the entire North West.
Mr Eastwood said that Derry’s City Deal has the potential to transform the North West economy, driving new investment and attracting new jobs.
Said the Foyle MP: “The SDLP has been fighting hard for fully charged City Deals with the power and potential to transform the North’s economy for over five years.
“Despite the initial disinterest from the Executive, we have always maintained that these deals would have a significant impact on our ability to reimagine infrastructure, attract new jobs and stimulate economic growth.
“In the talks that restored the Executive, I made it a personal priority to secure resource for university expansion in Derry.
“Investing in skills and providing our talented young people with the opportunity to live, work and set down roots here is essential to building sustainable communities that thrive.
“This has been a long time coming.
“We have been forced to wait for far too long for the chance to build more for our people and our communities.
“Now that we’ve secured the potential of the City Deal, we can’t take our foot off the pedal.
“We need to turn the page on the years of neglect and underinvestment by expanding our university, investing in our young people and delivering new opportunities.”
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