A final decision on the proposed multi-million pound science park for Fort George will be made “no later than May”, junior minister Martina Anderson has said.
The science park, which would be a satellite unit of the new science park located in Belfast’s Titantic quarter, would operate on a cross border basis in partnership with the Letterkenny Institute of Technology.
Ms Anderson had previously written to Finance Minister Sammy Wilson expressing concern at the delay by the Special European Union Programmes Body (SEUPB) in processing the funding application for the science park.
The Foyle MLA said she had now received a response from the minister about the proposed development.
“I welcome the Minister’s prompt and supportive response. Minister Wilson agrees that the length of time the application has been with SEUPB is excessively long but that his Office has received assurances that the matter is being processed and that a final decision should be made no later than May,” Ms Anderson said.
The Foyle MLA said the development of the science park stimulate business and promote employment in Derry and Donegal.
“Mr Wilson agrees with my contention that this project would have a major impact on the regeneration plans for the North West Region and assured me that - “conditional upon a satisfactory assessment (being received by DFP) , I would expect a final decision on this project no later than May and have requested that, as soon as a recommendation is received from SEUPB, my officials complete the DFP stages of the assessment process in a timely fashion. I understand the importance of this project to the NW region and acknowledge its potential as a driver for economic development and regeneration. I will maintain a close interest in its progress.”