Derry’s urban regeneration company has cost the taxpayer more than £30million since its inception, the north’s Socials Development Minister has revealed.
Nelson McCausland outlined the total amount of public money that has gone to Ilex in response to a question from East Derry MLA Gregory Campbell in the Stormont Assembly.
Mr McCausland advised the total amount of public funding spent on the company since 2003/4 was £30,101,000.
Of this £4,773,000 went on salaries; £10,312,000 went on capital costs; £14,818,000 went towards other associated expenditure; £176,000 went on legal costs; and £21,000 went on maintenance.
The sum excludes the cost of the Peace Bridge which was built using European peace money.
Mr Campbell had asked how much public money had been spent on salaries, maintenance, capital costs, legal costs and other associated expenditure in relation to Ilex.
The minister detailed the figures advising that the Derry regeneration firm was a non-departmental public body funded by both DSD and the Office of the First Minister and Deputy First Minister (OFMDFM).
“The public monies reported include my Department and OFMDFM funding.
“All figures up to 2009/10 reflect the amounts as published in Ilex’s annual statutory accounts, with 2010/11 figures based upon Ilex’s management accounts,” he stated.
“During the financial years 2008/09- 2010/11, Ilex managed capital works at Fort George and Ebrington to a total value of £10,105K which were classed as ‘Assets Under Construction’ by my Department & OFMDFM,” he added.
He said these costs were included in the £10m ‘capital costs’ figure.
In addition to the above, £13,023K was spent on the Peace (Foot & Cycle) bridge across the River Foyle under the Shared Space programme of PEACE III,” the Minister stated.