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14/12/2005
Hain unveils multi-billion pound regeneration blueprint
Secretary of State Peter Hain today unveiled the most significant regeneration initiative for Northern Ireland in decades.
The Investment Strategy sets out a long-term high-level view of planned investment over the next 10 years with potentially up to £16 billion worth of projects possibly supported over the same period.
At the same time, Mr Hain revealed the contents of the revised Priorities & Budget. The public expenditure plans for Northern Ireland show that by 2008 total spending on regional public services here will exceed £16 billion.
Over the last two years, current expenditure on public services has increased by 12.6% in real terms and will have increased by a further 3.4% in real terms by 2007-08. Planned capital investment will have increased in real terms by more than 52.1% between 2002-03 and 2007-08, to around £1.3 billion annually.
By 2007/2008 current expenditure on Health will have increased by more than 14% and on Education by 8%, compared to this year.
Speaking at the recently-opened, state of the art Lisburn City Library, Mr Hain said: “The Investment Strategy sets out the Government’s strategic plans for investment across the public sector over the next 10 years, with the priorities focused on health, education, transport and water.”
Contained within it are firm allocations for the years 2006-2008 along with indicative spending plans for future years. Mr Hain pointed out that over the next three years alone, to the end of the current Budget period, capital expenditure would approach £4 billion: “We are clearly signalling Government’s strong commitment to taking forward major programmes of work including education, health, and transport and, of course, those areas that fall within EU compliance. The projects identified cover almost every aspect of life in Northern Ireland," the Secretary of State concluded.
(MB/SP)
The Investment Strategy sets out a long-term high-level view of planned investment over the next 10 years with potentially up to £16 billion worth of projects possibly supported over the same period.
At the same time, Mr Hain revealed the contents of the revised Priorities & Budget. The public expenditure plans for Northern Ireland show that by 2008 total spending on regional public services here will exceed £16 billion.
Over the last two years, current expenditure on public services has increased by 12.6% in real terms and will have increased by a further 3.4% in real terms by 2007-08. Planned capital investment will have increased in real terms by more than 52.1% between 2002-03 and 2007-08, to around £1.3 billion annually.
By 2007/2008 current expenditure on Health will have increased by more than 14% and on Education by 8%, compared to this year.
Speaking at the recently-opened, state of the art Lisburn City Library, Mr Hain said: “The Investment Strategy sets out the Government’s strategic plans for investment across the public sector over the next 10 years, with the priorities focused on health, education, transport and water.”
Contained within it are firm allocations for the years 2006-2008 along with indicative spending plans for future years. Mr Hain pointed out that over the next three years alone, to the end of the current Budget period, capital expenditure would approach £4 billion: “We are clearly signalling Government’s strong commitment to taking forward major programmes of work including education, health, and transport and, of course, those areas that fall within EU compliance. The projects identified cover almost every aspect of life in Northern Ireland," the Secretary of State concluded.
(MB/SP)
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14 November 2024
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Economy Minister Conor Murphy today raised a number of key economic issues with British Government Ministers during a visit to London.
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Economy Minister Conor Murphy today raised a number of key economic issues with British Government Ministers during a visit to London.
09 July 2002
NI religious attitudes hardening
There is an increasing hardening of attitudes by both Protestants and Catholics towards living, working and learning together according to new research. The research conducted by the University of Ulster reveals that Protestants’ and Catholics’ perceptions of each other are becoming increasingly negative.
NI religious attitudes hardening
There is an increasing hardening of attitudes by both Protestants and Catholics towards living, working and learning together according to new research. The research conducted by the University of Ulster reveals that Protestants’ and Catholics’ perceptions of each other are becoming increasingly negative.
15 June 2001
GO FLIES AWAY FROM PARENT COMPANY BA
BRITISH Airways has announced the sale of its no-frills subsidiary Go Fly to 3i, a European venture capital company, in a deal worth up to £110 million. The sale of Go was set up three years ago with a £25 million investment from BA.
GO FLIES AWAY FROM PARENT COMPANY BA
BRITISH Airways has announced the sale of its no-frills subsidiary Go Fly to 3i, a European venture capital company, in a deal worth up to £110 million. The sale of Go was set up three years ago with a £25 million investment from BA.
10 July 2015
Over £1m Secured For Early Years Fund
Over £1 million in funding has been secured for the Early Years Fund. The Fund, which supports 153 early years organisations across Northern Ireland, will use the funding to ensure current services continue until March 2016. Education Minister John O'Dowd confirmed £1.1m in funding.
Over £1m Secured For Early Years Fund
Over £1 million in funding has been secured for the Early Years Fund. The Fund, which supports 153 early years organisations across Northern Ireland, will use the funding to ensure current services continue until March 2016. Education Minister John O'Dowd confirmed £1.1m in funding.
09 December 2013
Community Projects Receive £1.1m
A total of 16 community groups across Belfast have received total funding of just over £1.1m from City Council. The funding boost is being delivered through the £5m Local Investment Fund (LIF), which is part of the council's wider Investment Programme for the city. The move brings the overall amount allocated through the fund to over £2.
Community Projects Receive £1.1m
A total of 16 community groups across Belfast have received total funding of just over £1.1m from City Council. The funding boost is being delivered through the £5m Local Investment Fund (LIF), which is part of the council's wider Investment Programme for the city. The move brings the overall amount allocated through the fund to over £2.
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
