The South Belfast MLA stated: "The multi-million pound extension to the Urban Villages Capital Plan is a welcome broadening of the funding and will provide a significant boost to urban areas in South Belfast which have worked so hard to make their case.

"Much of this funding allocation will support projects in the Donegall Pass and Market area on the edge of the city centre. Communities in those areas have shown incredible determination to develop their projects and reach this stage.

"This initiative will see a significant regeneration of local sites, creating employment and services for local residents while also developing a new vibrancy in the areas.

"The development of facilities such as for childcare and of creative spaces is an essential aspect of community well-being, and I very much welcome that it is not being overlooked."