The completed masterplan for the transformation of Derry was unveiled in the city yesterday.
The ‘One Plan’ is a road map for the holistic regeneration of Derry and was drawn up following a massive consultation process thoughout the city on the draft regeneration plan entitled ‘One City, One Voice, One Plan’. The new plan envisages an additional £500m in wages and profits in Derry’s economy as well as fiscal balance boost of some £200 million annually.
Deputy First Minister Martin McGuinness, Derry’s Mayor Alderman Maurice Devenney and Ilex Chairman Sir Roy McNulty formally launched the new document which clearly sets out the roles of the public, private and community and voluntary sectors in delivering the 12,900 jobs required to reposition the city as the economic hub of the North West over the next 10 years.
The ‘One Plan’ describes how the city will be transformed by fundamentally changing the way it does business, and being creative in how organisations and individuals resource and manage themselves.
Alderman Devenney said the plan was an “opportunity to shape the city’s future through a robust series of interventions”. He added: “We will strengthen and grow the local economy by improving health, expanding education and increasing the numbers in employment thus greatly improving our quality of life.”
Chairman of Ilex, Sir Roy McNulty, said the plan has “the potential to positively impact on the lives of everyone and to change the look and feel of the city for years to come”. “We owe it to the people of the city and in particular the 45% of our young people under 25 who reside here to get this right.”
SDLP Foyle MP Mark Durkan said the plan can be implemented. “This is an ambitious plan, but we have to be a city that has ambition,” he said.