A proposed multi-million pound satellite science park along Derry’s riverfront has moved a step closer.
An application for the £12 million cross-border project on the site of the former British army barracks at Fort George has been approved by the Executive Steering Group at Stormont.
The next step is ministerial approval by the accountable departments on both sides of the border - the Department of Finance and Personnel (DFP) in the North and the Department of Jobs, Enterprise and Investment in the South.
As it’s a £12 million project, DFP require approval from the Department’s Supply Section - something that the ‘Journal’ understands is being pursued as a matter of urgency.
Foyle Sinn Féin MLA Martina Anderson says the development is “positive news for Derry and the North West economy.”
She added: “The delivery of this project by Ilex, in collaboration with the Letterkenny Institute of Technology, will stimulate the establishment and development of high quality technology and knowledge based businesses in the North West Region, attracting higher value added inward investment projects and jobs to the region. Its close proximity to the Kelvin project will add to the attractiveness of this location to the smart economy and as a digital centre of excellence.”
She added: “The development of a Satellite Science Park at Fort George will help achieve the ambitious job creation targets set out in the recently published One Plan for the regeneration of Derry.”