The Special European Union Programmes Body to contribute funds for The North West Regional Science Park, Fort George, Northern Ireland, UK

£12m boost for science park
Published on Friday 24 August 2012 13:12
From The Derry Journal

Plans to establish a cross border science park at Fort George have received a major boost with a £12 million funding package from Europe.

The North West Regional Science Park will be built at the former British military site at Fort George and will be a satellite of the new NI Science Park at Belfast’s Titanic Quarter.

The Special European Union Programmes Body, a powerful funding group, has sent a draft letter of offer to the North West Region Cross Border Group, the lead partner on the project, for £12 million towards the development.

The state of the art science park will house high-tech research and development units and has the potential to create hundreds of jobs and millions of pounds for the local economy.

A confidential email – which the ‘Journal’ has seen – has been sent to members of the North West Region Cross Border Group announcing details of the draft letter of offer. The email states that the project steering committee expect a joint ministerial statement, confirming the multi-million pound funding package, to be made in early October.

The project is being developed in partnership between the Northern Ireland Science Park, Letterkenny Institute of Technology, and Ilex. It is expected to be completed by 2015.

Click here for full article in the Derry Journal

Related webpage:
Ilex Urban Regeneration Company is charged with the development of former shipyard and army base Fort George.

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