NORTHERN AND WESTERN REGION SET FOR INVESTMENT OF €217 MILLION

25 November 2022 No Comments by The Northern Standard

The European Commission has formally approved new investment totalling €217 million of European Regional Development Funds (ERDF) to support regional development schemes across Ireland’s northern and western regions. Following recent approval by the Irish Government, the ERDF Regional Programme, drafted by the Northern & Western Regional Assembly, was submitted to the EU Commission for its review and final negotiations.

The EU Commission this week approved the final investment programme, which will begin immediately. Director of the Northern and Western Regional Assembly (NWRA) David Minton welcomed the approval of the funds for the 2021 to 2027 programme. He said: “Ireland has one of the highest levels of regional inequality amongst EU member states. Despite the country’s economic growth, a very uneven pattern of success can be identified, where some areas of the country benefit significantly less than our capital region.

This presents a less positive micro-picture of economic success. This investment will significantly address some of our structural weaknesses.” Mr Minton said the regional programme submitted by the NWRA was a major investment in the region’s future. He added: “The EU has always been a major contributor to our economy. We are excited to be working with our government partners to deliver this significant investment, which underlines our ambition to be more competitive, more specialised, more urban and greener. It’s an investment…

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