‘Governments must guarantee major cross border projects’ – McNulty

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Friday, July 8th, 2016
Politics
SDLP Assembly Member for Newry and Armagh Justin McNulty MLA has called on the governments in Belfast, Dublin and London to immediately move to guarantee the future of major cross border projects which are part funded by the European Union.
SDLP Leader Colum Eastwood, Dette Hughes Project Manager Eastborder Region, Assembly Members Justin McNulty, Sinead Bradley and Colin McGrath

SDLP Leader Colum Eastwood, Dette Hughes Project Manager Eastborder Region, Assembly Members Justin McNulty, Sinead Bradley and Colin McGrath

Speaking to Newry Times, McNulty said, “The real impact of the Brexit referendum is starting to bite in a meaningful way. We have seen the reaction of the stock markets as billions have been wiped of the value of stocks and shares. “We have also seen the pound hit its lowest value in over thirty one years and this is already having a significant impact on cross border trade. This morning we met with Dette Hughes of Eastborder Region, a major cross border partnership based in Newry. “Eastborder Region is a partnership made up of six local councils spanning counties Armagh, Down, Louth, Meath and Monaghan. They have been instrumental in drawing down millions of euro to support cross border cooperation, enterprise and regeneration for nearly forty years. “They are sending a very clear message to governments in Belfast, Dublin and London – delays in providing assurances on the future of cross border funding, even by a few months, will have serious consequences for many local projects,” he continued.
Article continues below:
Mid July 2016“We need to see urgent action from the governments in these islands. We cannot afford any delay. Environmental, infrastructure and economic support projects are all at risk including one project supporting 1500 small businesses in the border region. “Governments must act soon to bring stability to the sector and they can only do that by guaranteeing the future funding arrangements for these projects,” McNulty added.

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