Finance Minister says money from £39m growth fund will help towards 'job creation'
Finance Minister John O'Dowd has defended the £39m economic growth fund, stating that the money will be used for job creation and infrastructure spending. The Local Growth Fund is a UK government scheme that replaces money previously provided by the EU, with a focus on infrastructure projects rather than day-to-day operations of voluntary groups. The fund allocations include £13m for the Department for the Economy and £7m for the Department for Communities, among others.
- ▪The £39m economic growth fund will be used for job creation, infrastructure, and broader infrastructure projects.
- ▪The Local Growth Fund replaces money previously provided by the EU, with a focus on infrastructure spending rather than day-to-day operations of voluntary groups.
- ▪The fund allocations include £13m for the Department for the Economy and £7m for the Department for Communities, among others.
- ▪The Northern Ireland Council for Voluntary Action has expressed concerns that the fund is leading to significant redundancies across the sector.
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| Original publisher | BBC News — UK |
| Canonical URL | https://www.bbc.co.uk/news/articles/cvg90n0796no?at_medium=RSS&at_campaign=rss |
| Publication time | Tue, 11 Aug 2026 11:54:00 GMT |
| Retrieval time | 2026-08-11T11:55:48.029Z |
| Last seen | 2026-08-11T11:55:48.029Z |
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Finance Minister says money from £39m growth fund will help towards 'job creation'Image source, PA MediaImage caption, John O'Dowd said the executive agreed a "package" with Westminster on the economic growth fundByJohn CampbellEconomics and business editor, BBC News NIPublished11 August 2026, 00:04 BSTUpdated 1 minute agoFinance Minister John O'Dowd has defended the controversial £39m economic growth fund saying the money will go into "job creation".The Local Growth Fund (LGF) is a UK government scheme which replaces money which previously came to Northern Ireland from the EU.The government has changed the focus of the fund away from the day-to-day operations of voluntary groups and towards infrastructure spending.O'Dowd said Stormont will be putting "£30 million" into "job creation,…
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