UK and NI Executive Ministers gathered at the ICC Belfast this morning to sign the first ever City Deal for Northern Ireland.
The Belfast Region City Deal unlocks £1 billion of transformative co-investment which will deliver more than 20 highly ambitious projects and programmes, create up to 20,000 new and better jobs and help make the region a global investment destination over the next decade.
The Deal will strengthen the region’s offer in growth sectors such as life and health sciences, digital and creative industries and advanced manufacturing. It will also support next generation digital capabilities, boost tourism by creating world-class visitor experiences and enable regeneration, underpinned by infrastructure developments and investment in skills to connect people to jobs and services.
Belfast Region City Deal partners have been working intensively since 2017 with the NI Executive, UK Government and industry partners to develop the deal and prepare the case for investment.
Heads of Terms for the Belfast Region City Deal were signed on 26 March 2019, committing the UK Government to investing £350 million. This has been matched by the Northern Ireland Executive. And with £150 million from Belfast Region City Deal partners and private sector investment, it is anticipated that the total Belfast Region City Deal investment package will exceed £1 billion.
For more information on the Belfast Region City Deal, go to www.belfastcity.gov.uk/belfastregioncitydeal. Updates are posted at #BRCityDeal.