Social Development Minister Nelson McCausland has welcomed the completion of a £1.8million regeneration project on the former Ulster Bank site in Waterloo Place, Derry.
The prominent building is situated in the heart of Derry’s commercial and retail core. The regeneration scheme has helped to enhance the area’s image and reputation as a place to do business, shop and live.
Following a tour of the completed premises Minister McCausland said: “This regeneration scheme has given a facelift to this prominent city centre building, which complements the substantial work my Department has previously carried out in Waterloo Place and Guildhall Square. This investment will act as a catalyst to attract further private sector investment to the city centre.
“The completion of this major project is the latest example of my Department’s commitment to the regeneration of many of the city’s oldest and most prominent buildings. In the past year a number of similar projects in the city centre have received over £340,000 in grant aided funding from my Department.”
The refurbished building will offer office space to a wide variety of private and community based groups on a central site within Derry’s city centre.
Elsewhere, Mr. McCausland has awarded funding of £74,470 to the Siege Museum project in Derry.
While the Apprentice Boy’s Memorial Hall undergoes major renovation, this funding will allow the museum to take up a temporary accommodation. These interim arrangements will enable the organisation to continue to display their historical artefacts from the Siege of Derry in 1689 and provide a base from which to continue their community liaison work.
Minister McCausland said: “This assistance from my Department will allow the Siege Museum project to temporarily relocate and continue operation of their popular museum facility while the Memorial Hall is undergoing renovation and extension.
“The organisation hosts many guided tours facilitating visitors all year round and this funding will allow it to operate without interruption. Importantly the funding will also provide for a Community Development Worker who will engage with the wider community to promote a greater understanding of the history, culture and traditions of the Apprentice Boys of Derry.”