City deals funding pause short-sighted and must be reversed, says Tennyson

Alliance Finance spokesperson Eóin Tennyson has said today’s (13 September) announcement that the UK Government plans to place a pause on NI City Deals funding packages must be reconsidered.

Eóin Tennyson Finance
The Upper Bann MLA has said: “The decision to pause funding for City and Growth Deals is short-sighted and an act of bad faith. It comes after significant cost has already been invested by the Executive, local councils, and project partners, and just a week before the scheduled signing of the Derry City and Strabane Deal.

“City Deals present huge potential to grow our local economies, create sustainable jobs and revitalise our towns and cities. If the Government is serious about economic growth, they should allow them to proceed without delay.

“The Chancellor should urgently reconsider her approach, honour pre-existing commitments and lift the pause on this funding.”