Plans for a £20m investment at the Arntz site at Pennyburn Pass could create 400 jobs, Sinn Féin’s Gearóid Ó hEára has said.
Mr. Ó hEára was speaking after he and his party colleague, Foyle MLA Maeve McLaughlin, met with the developer behind the proposals for the former factory site this week.
The plans, which have now been submitted to the Department of the Environment for consideration,
include building a major foodstore, forecourt, health centre, research centre and a number of other facilities.
Speaking after the meeting, Mr. Ó hEára said: “I met with the developer behind these proposals, Robert Moore, alongside my party colleague Maeve McLaughlin to discuss the plans for this 15 acre site.
“These are ambitions plans for a £20 million development at the site which could create up to 400 jobs.
“The developer said he hopes the former factory site can be transformed into a mixed use site involving retail, medical and business units.”
He added: “The plans are at an early stage and will be subject to full appraisal and consultation but it is encouraging to see to proposals to redevelop this site with the potential to create employment.”
Engineering firm Arntz Belting Company closed down in 2010 with the loss of 115 jobs.
The German-owned company had been operating in Derry since 1968 and its closure was attributed a reduction in orders stemming from the global economic downturn.
The employees, many of whom had worked their decades, made timing belts for vehicles and machinery.