Chancellor Philip Hammond says Derry City Deal is 'progressing'

The British Chancellor of the Exchequer, Philip Hammond, has this afternoon said the negotiation of a City Deal for Derry is 'progressing' without providing any further details.

Wednesday, 13th March 2019, 12:04 pm
Updated Wednesday, 13th March 2019, 1:15 pm
British Chancellor Philip Hammond at Magee College last summer.

He made the comments while delivering his Spring Statement 2019 in the British House of Commons this afternoon.

Mr. Hammond said a "deal was progressing for Derry/Londonderry".

Last night Ian Duncan, Parliamentary Under-Secretary of State at the Northern Ireland Office (NIO), said substantial funds would be directed to Derry when a City Deal was ultimately finalised.

He had told the British House of Lords: "Derry/Londonderry will secure significant funding through the City Deal initiative. "Noble Lords will be aware that the Belfast City Deal has been set at around £350 million. There will be substantial funds going into Derry/Londonderry and into the medical centre."

In his 2018 Budget Statement last October Mr. Hammond, had announced a £350m 'City Deal' for Belfast while saying negotiations on a Derry deal were continuing.