29/04/2003

Minister opens £700,000 Derry business park

Social Development Minister, Des Browne, has opened a £700,000 business park in the south Londonderry village of Swatragh today.

The project, consisting of eight work units housed in two buildings, is the latest in the CRISP programme that aims to stimulate economic growth in towns and villages throughout Northern Ireland. The park has been trading for just over a year and already 75% of its accommodation has been taken up by local enterprises.

The Minister was joined at today’s ceremony by William T McCarter, Chairman of the International Fund for Ireland, which also provided a major part of the funding, along with the Department for Social Development. Additional finance was also provided by the Magherafelt Area Partnership.

The Minister said: “This achievement is a permanent tribute to the spirit of self-help in the village of Swatragh. The already high occupancy level shows that we are meeting our objective of encouraging local enterprise in disadvantaged areas.

“We have now worked with the IFI on an impressive total of 77 such projects which have injected new life into towns and villages throughout the province, all of which are contributing to the wider economy. It is significant that no less than nine of these are in the Magherafelt District Council area.”

William T McCarter added: " The project will provide much needed workshop and retail accommodation in the village, it will provide the Association with rental income and will, hopefully, act as a catalyst for further property development in the village."

The Swatragh business park is to be complemented later this year by a £200,000 environmental improvement scheme to spruce up the appearance of the village in general.

(MB)

Related Northern Ireland News Stories
Click here for the latest headlines.

13 March 2020
'Finance Minister Must Assist Businesses Through Coronavirus'
The Finance Minister has come under pressure to introduce measures to assist businesses suffering a downturn in trade as a result of coronavirus. Alliance MLA Andrew Muir said a number of firms are currently experiencing difficult times as customer habits change in response to the worldwide viral outbreak.
13 January 2020
Minister Swann To Meet Health Unions
Stormont's new health minister Robin Swann is to meet trade unions over the ongoing strike action. Ulster Unionist minister Robin Swann has pledged to solve the pay dispute "right away". Nurses and healthcare workers have been engaged in industrial action over staffing shortages and a lack of pay parity in recent weeks.
06 January 2020
SDLP Calls For Mental Health Minister
The SDLP has called for any future Stormont Executive to prioritise mental health and wellbeing with a dedicated Junior Minister. As talks to restore devolved government continue, the party's deputy leader Nichola Mallon said all parties are agreed on the need to unite to tackle the mental health crisis.
16 February 2015
North Belfast Selected For Urban Village Project
The Ardoyne and Ballysillan areas of north Belfast have been selected for the establishment of the latest urban village project. First Minister Peter Robinson and deputy First Minister Martin McGuinness announced the project under the Executive's good relations and anti-sectarianism strategy 'Together: Building a United Community'.
15 January 2020
Communities Minister: Casement Park Is A Key Priority
Communities Minister Deirdre Hargey has identified the completion of Casement Park as a "key priority" for her department. Deirdre Hargey MLA met with Ulster GAA officials at the west Belfast site to discuss furthering the project. Minister Hargey said she is determined to see the project started as soon as possible.