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PM to unveil economic package for Northern Ireland | PM to unveil economic package for Northern Ireland |
(about 7 hours later) | |
An economic package for Northern Ireland, due to be unveiled later, will help create jobs in the private sector, according to Downing Street. | |
David Cameron is due to meet Northern Ireland's first and deputy first ministers to sign off on the package. | David Cameron is due to meet Northern Ireland's first and deputy first ministers to sign off on the package. |
The plan - linked to community integration measures - is also expected to include more borrowing powers. | The plan - linked to community integration measures - is also expected to include more borrowing powers. |
This could amount to £50m over two years. to help the Stormont executive fund its "shared future" programme. | This could amount to £50m over two years. to help the Stormont executive fund its "shared future" programme. |
'Ambitious vision' | 'Ambitious vision' |
The government said it could also look at "gifting" resources in the form of Ministry of Defence (MoD) houses and bases. | The government said it could also look at "gifting" resources in the form of Ministry of Defence (MoD) houses and bases. |
Mr Cameron said: "This agreement is a symbol of our ambitious vision for Northern Ireland - a genuinely shared society that is fulfilling its economic potential and strengthening the foundations for peace, stability and prosperity for the future." | Mr Cameron said: "This agreement is a symbol of our ambitious vision for Northern Ireland - a genuinely shared society that is fulfilling its economic potential and strengthening the foundations for peace, stability and prosperity for the future." |
Downing Street said the package - to be launched after a meeting between the three leaders in London - will also include significant regeneration projects and initiatives to promote new businesses and help tourism. | Downing Street said the package - to be launched after a meeting between the three leaders in London - will also include significant regeneration projects and initiatives to promote new businesses and help tourism. |
Neither No 10, nor the Stormont executive, have put an overall value on what is to be announced. | Neither No 10, nor the Stormont executive, have put an overall value on what is to be announced. |
First Minister Peter Robinson said not everything could be "put down to pounds and pence". | First Minister Peter Robinson said not everything could be "put down to pounds and pence". |
"Indeed, if it was that sounds more like begging bowl economics to me," he said. | "Indeed, if it was that sounds more like begging bowl economics to me," he said. |
"The whole purpose of what we're doing is a recognition, I think on the part of both the government, and the Northern Ireland executive, that there are two key features to the future of Northern Ireland. | "The whole purpose of what we're doing is a recognition, I think on the part of both the government, and the Northern Ireland executive, that there are two key features to the future of Northern Ireland. |
"One is the economy and the other is a shared future. | "One is the economy and the other is a shared future. |
Removing walls | Removing walls |
"What we're attempting to do is to put in place the kind of measures, economic and fiscal issues that will assist us in getting growth in our economy over that period of time and to close the gap between our divided communities." | "What we're attempting to do is to put in place the kind of measures, economic and fiscal issues that will assist us in getting growth in our economy over that period of time and to close the gap between our divided communities." |
London and Belfast have been in negotiations on the package for several months, ever since Mr Cameron decided to hold off on a decision on whether or not to devolve powers on corporation tax to Northern Ireland. | London and Belfast have been in negotiations on the package for several months, ever since Mr Cameron decided to hold off on a decision on whether or not to devolve powers on corporation tax to Northern Ireland. |
The economic initiative is tied in with commitments made by the First and Deputy First Ministers Peter Robinson and Martin McGuinness, aimed at breaking down barriers between Protestant and Catholic communities. | The economic initiative is tied in with commitments made by the First and Deputy First Ministers Peter Robinson and Martin McGuinness, aimed at breaking down barriers between Protestant and Catholic communities. |
The commitments, which they outlined at Stormont last month, include removing peace walls within 10 years. | The commitments, which they outlined at Stormont last month, include removing peace walls within 10 years. |