SDLP Foyle MP Mark Durkan has said the proposed cut of the Tourism Events Fund is a ‘major loss’ to well-established events and organisers in Derry who work hard to bring great rewards to the city, the community and the local economy.
Mr Durkan suggested the cut to the fund could see some well established local events ceasing to exist.
“The cut of the Tourism Events Fund will hit the festival and civic calendar in Derry.
“While it gives relatively small money to events which have become quite big for us, it is key funding which is crucial to their viability.
“For many of the events affected the difference will not be just at the margins of their spending plans but at the core.
“The cumulative impact of so many well-established, well-profiled events being jeopardised will be seen as a setback not just for the groups and the sector but also for the city more widely.”
He added: “These events raise morale and offer involvement to all ages and outlooks in the city. They also draw in visitors who add to their vibrancy, generate multiplier benefits from their spend here and add to our destination reputation of their positive experience.
“This cut cannot be seen as a marginal saving in the fallout from the Executive’s budgetary stresses. It is a major loss to given events who work hard to bring great rewards to the city, the community and the economy.”