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£500m boost for rural areas of NI £500m boost for rural areas of NI
(20 minutes later)
The European Commission has approved a £500m programme to boost jobs and improve rural lives in NI.The European Commission has approved a £500m programme to boost jobs and improve rural lives in NI.
The six-year programme will focus on the creation of new businesses and encourage farmers to become more competitive through diversification.The six-year programme will focus on the creation of new businesses and encourage farmers to become more competitive through diversification.
Money has also been earmarked for the protection of the environment.Money has also been earmarked for the protection of the environment.
The money will come from the EU and the assembly, but farmers will see a resultant reduction in their annual support payment from Brussels.The money will come from the EU and the assembly, but farmers will see a resultant reduction in their annual support payment from Brussels.
The package has been welcomed by the Agriculture and Rural Development Minister, Michelle Gildernew.The package has been welcomed by the Agriculture and Rural Development Minister, Michelle Gildernew.
She said: "It will make a huge difference to the lives of those living in ruralcommunities.
"It is very far-reaching, £500m across five years is a lot of money that wehave to get out and spend."
The Ulster Farmers' Union has also welcomed the announcement while calling on the Department of Agriculture to ensure that bureaucracy is kept to a minimum.The Ulster Farmers' Union has also welcomed the announcement while calling on the Department of Agriculture to ensure that bureaucracy is kept to a minimum.
UFU president Kenneth Sharkey said: "We hope the programme funding will be delivered efficiently and will go to projects which will drive economic growth in rural areas.UFU president Kenneth Sharkey said: "We hope the programme funding will be delivered efficiently and will go to projects which will drive economic growth in rural areas.
"Farmers have found it extremely difficult to access previous rural development funds because there has been so much bureaucracy associated with the scheme."Farmers have found it extremely difficult to access previous rural development funds because there has been so much bureaucracy associated with the scheme.
"This mistake must not be repeated.""This mistake must not be repeated."