Derry Science Park funding welcomed

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Derry’s MP has welcomed formal confirmation of a £12million funding package for the cross-border Science Park at Fort George.

“This is a key regional project which matters not just to Derry but the whole North West,” SDLP MP Mark Durkan said this morning after the EU funding was confirmed.

“This significant funding package is a welcome sign of the potential that a new Science Park would offer to secure investment and employment in Derry.

“People will be very excited about this and see for themselves the opportunities that are available – not only to bring business in, but also to have a platform for growth for our own businesses here.

“This will not only bring in some significant and emerging players in global business terms but also provide new opportunities for local companies who would be well-placed in the market for tradable services. “

He added:”This opportunity really does put us in a different place if we can make the most of it.”

The ‘Journal’ understands that, if both sites achieve maximum occupancy by 2019, the project has the potential to support up to 285 jobs.

Project partners include the Northern Ireland Science Park (NISP) Foundation Ltd, Letterkenny Institute of Technology and the North West Region Cross Border Group (NWRCBG).

The £12million funding comes from the EU’s INTERREG IVA Programme, and is managed by the Special EU Programmes Body (SEUPB).