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 and boost job creation 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.


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

28 April 2010
Whitehead Blueprint Takes Step Forward
A Co Antrim seaside community is to get a new lease of life - and new jobs if widely anticipated construction work results. Consultants are now being sought so that Whitehead can develop a 'Blueprint' to identify a range of practical and sustainable initiatives which will help in enhancing village life.
16 January 2009
ODA To Create 30,000 Jobs
At the half way point between London winning the bid for the Olympic and Paralympic Games and the Opening Ceremony in 2012 the Olympic Delivery Authority (ODA) today released new figures showing that a total of up to 30,000 people will help build the London 2012 Olympic Park and Olympic Village over the next few years.
20 December 2010
Jobs Kick-Off In Casement Park Transformation
The Stormont Executive's approval of imaginative plans to transform Casement Park in west Belfast into an all-seater stadium has been given a warm welcome.
28 February 2006
High-Tech Business Village Opens In Bangor
North Down has received a major boost with the official opening of a new, high-tech business village in Bangor, bringing small businesses and further education closer together.