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| PM unveils economic package for Northern Ireland | PM unveils economic package for Northern Ireland |
| (35 minutes later) | |
| The Prime Minister David Cameron said an economic pact unveiled on Friday should be crucial for improving the Northern Ireland economy. | The Prime Minister David Cameron said an economic pact unveiled on Friday should be crucial for improving the Northern Ireland economy. |
| The pact also guarantees Northern Ireland will retain its European Union Assisted Area Status. | The pact also guarantees Northern Ireland will retain its European Union Assisted Area Status. |
| This enables its job creation agency, Invest NI, to offer attractive grants to potential investors. | This enables its job creation agency, Invest NI, to offer attractive grants to potential investors. |
| Part of the deal includes a £20m fund for research and innovation that will focus on the aerospace industry. | |
| The Stormont Executive is also to be allowed to borrow an extra £100m to help build new shared housing and schools. | The Stormont Executive is also to be allowed to borrow an extra £100m to help build new shared housing and schools. |
| Another element of the pact will look at the potential to gift up to 350 surplus MoD houses and bases for use in shared future projects. | Another element of the pact will look at the potential to gift up to 350 surplus MoD houses and bases for use in shared future projects. |
| Mr Cameron also praised what he described as the "ambitions and laudable plan to rid" Belfast of its peace walls. | Mr Cameron also praised what he described as the "ambitions and laudable plan to rid" Belfast of its peace walls. |
| Speaking after meeting Northern Ireland's First and Deputy First Ministers, Peter Robinson and Martin McGuinness, David Cameron refused to put a figure on the pact. | Speaking after meeting Northern Ireland's First and Deputy First Ministers, Peter Robinson and Martin McGuinness, David Cameron refused to put a figure on the pact. |
| But the prime minister insisted that the measures should, taken together, have a significant impact. | |
| Mr Cameron confirmed he plans to host an international investment conference in Northern Ireland in October 2013. | Mr Cameron confirmed he plans to host an international investment conference in Northern Ireland in October 2013. |