City of Derry Airport: Stormont to fund annual running costs
Economy Minister says this will be vital for future growth in the area
Stormont's Economy Minister Caoimhe Archibald announced today (Friday) that her department will now cover the running costs for the City of Derry Airport.
That will amount to £3m annually.
Initially this had been provided by ratepayers.
The Minister said: “This announcement is great news for the North-West and is another example of my commitment to regional balance. It will enable the airport to plan for future growth in the years ahead.
“The airport serves more than the Derry City and Strabane regions. It plays a vital part in the economic development of the entire North-West.
“The funding will enable Derry City and Strabane District Council to use the Council funds it previously provided the airport, towards supporting the North-West’s ongoing competitiveness and ability to trade, attract inward investment and inbound tourism.”
Steve Frazer, Managing Director at City of Derry Airport said: “Today’s announcement is pivotal for the future stability of City of Derry Airport to continue serving as key infrastructure connecting people to and from our North-West gateway. This announcement ensures we are well placed to continue supporting the regions ambitious growth plans and our continued contribution to the region’s economy.
“We’d like to thank Minister Archibald and her predecessor Conor Murphy for recognising the value of CODA’s contribution, providing connectivity for our residents, visitors, business community and investors across the whole North-West and beyond.
It is also very important today to recognise the decades of support from Derry City and Strabane District Council which has allowed the airport to continue providing connectivity and contributing to economic growth for all areas across the North-West.”