Donohoe Brexit-proofs €550m Troubles cash - News Summed Up

Donohoe Brexit-proofs €550m Troubles cash


The Peace Bridge in Derry was built using the cross-border funding. Pat Hume, her husband, the SDLP leader John, and Bill Clinton visited in 2014 PAUL FAITH/PAPaschal Donohoe has secured the short-term future of a €550 million cross-border funding deal so that Ireland can avoid additional costs when the UK leaves the European Union. Money could not be offered to organisations that qualified for the Interreg IVA and Peace funding until the public expenditure and reform minister had “Brexit-proofed” the deal. The initiatives, which provide funding for economic and social objectives, are 85 per cent funded by the European Commission and the rest by the British and Irish governments. However, the UK government has not publicly guaranteed that it will keep supporting either fund after it…


Source: The Times October 28, 2016 23:06 UTC



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