On the 23rd of October, 2023, the UK Government paused funding for city and growth deals in Northern Ireland during a spending review, affecting £1.7 billion in deals for Belfast, Londonderry, Strabane, Causeway Coast, and Mid South West.
First Minister Michelle O’Neill condemned the decision as “unacceptable and deplorable,” citing the deals as critical for urban regeneration and job creation. Deputy First Minister Emma Little-Pengelly and Finance Minister Caoimhe Archibald criticized the move, calling it bad faith, particularly as the Derry and Strabane deal was to be signed next week.
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SDLP leader Colum Eastwood warned of significant delays in investment projects. Business owners may face uncertainty, disruption in local development, and a potential decline in economic growth.
Impact on business owners: This decision could delay much-needed investments, slowing down urban regeneration and potential job creation, making local businesses vulnerable to stunted growth.
What do you think the impact is?
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