Business Irish

Saturday 20 January 2018

G8: Northern Ireland to boost investment, borrow money

British Prime Minister David Cameron
British Prime Minister David Cameron
Thomas Molloy

Thomas Molloy

Northern Ireland plans to boost investment and temporarily allow the region to borrow more money.

The North will also get help to develop its infrastructure and to create new jobs.

"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," UK Prime Minister David Cameron said today.

The plan is part of a broader plan to break down economic and physical barriers left behind by the Troubles.

Mr Cameron and the head of the devolved Northern Irish government Peter Robinson will meet in London to agree the deal ahead of the G8 meeting next week.

The agreement will also include new regeneration programmes and measures to better integrate Catholic and Protestant schools and housing, while paving the way for former defence ministry houses and land to be used for civilian purposes.

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