City and Growth Deals
City and Growth Deals are custom packages of funding negotiated between the UK Government, The Northern Executive and local authorities, aimed at helping to harness additional investment, create new jobs and accelerate inclusive economic growth.
Background
The NI Executive and the UK Government has committed £1.2bn capital funding over the next 15 years to four Northern Ireland City and Growth Deals: Belfast Region City Deal (£700m); Derry City and Strabane City Deal (£210m); Causeway Coast and Glens Growth Deal (£72m), and Mid South West Region Growth Deal (£252m). This once in a generation package will also be complemented by private sector and other sources of funding, delivering an estimated total investment of over £1.8 billion.
The implementation of City and Growth Deals has been deemed a priority for delivery by the NI Executive and the Department of Finance (DoF) leads the delivery of the overall programme.
The Department for the Economy (DfE) is the accountable department for an estimated £1bn of investment across approximately 40 innovation, digital and tourism projects.
DfE, in conjunction with its arm’s length bodies NI Screen, Invest NI and Tourism NI, works closely with Deal Owners and Project Promoters to ensure that projects demonstrate value for money and are financially sustainable. Projects will be set in the context of meeting the Departments key priorities, to create good jobs, promote regional balance, raise productivity and reduce carbon emissions.
Further information
More detail on the deals and proposed projects can be found: