Menu
28/04/2016
DSD Pulls Out Of Northside Regeneration Scheme
The Department of Social Development (DSD) has reportedly pulled out of a proposed £300m Northside Regeneration Scheme.
The development project had laid out a plan to regenerate the area between Royal Avenue and Carrick Hill and included thousands of student apartments, retail outlets, business premises and a hotel.
It is understood that a letter was sent to Northside Regeneration Limited, a consortium appointed by DSD in 2014, stating that the Stormont Department was pulling out following an "assessment of the scheme".
In a report by the BBC the consortium said that it was "surprise and disappointment" at the announcement.
The report added that DSD has "no alternative plans" for the area, but that "other options can now be explored".
(MH)
The development project had laid out a plan to regenerate the area between Royal Avenue and Carrick Hill and included thousands of student apartments, retail outlets, business premises and a hotel.
It is understood that a letter was sent to Northside Regeneration Limited, a consortium appointed by DSD in 2014, stating that the Stormont Department was pulling out following an "assessment of the scheme".
In a report by the BBC the consortium said that it was "surprise and disappointment" at the announcement.
The report added that DSD has "no alternative plans" for the area, but that "other options can now be explored".
(MH)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
26 May 2010
Royal Exchange 'Not On Hold', Says DSD
A multi-million pound redevelopment of a run-down part of Belfast city centre has not been shelved, the Department of Social Development (DSD) has said.
Royal Exchange 'Not On Hold', Says DSD
A multi-million pound redevelopment of a run-down part of Belfast city centre has not been shelved, the Department of Social Development (DSD) has said.
11 May 2012
DSD Taskforce To Hold High Street Meetings Across NI
Nelson McCausland Social Development Minister, has announced that his Department’s High Streets Taskforce is to visit a selection of cities and towns across Northern Ireland this month.
DSD Taskforce To Hold High Street Meetings Across NI
Nelson McCausland Social Development Minister, has announced that his Department’s High Streets Taskforce is to visit a selection of cities and towns across Northern Ireland this month.
26 March 2014
First Application Approved Under New 'Agri-Food Loan Scheme'
Enterprise, Trade and Investment Minister Arlene Foster has welcomed the first application approved under the new 'Agri-Food Loan Scheme' (AFLS).
First Application Approved Under New 'Agri-Food Loan Scheme'
Enterprise, Trade and Investment Minister Arlene Foster has welcomed the first application approved under the new 'Agri-Food Loan Scheme' (AFLS).
29 October 2010
Royal Exchange To Boost Belfast North
Fears that the multi-million pound redevelopment of a run-down part of Belfast city centre had been shelved have again been refuted this week with news that a planning application has been submitted. The application came five years after the Royal Exchange project was announced.
Royal Exchange To Boost Belfast North
Fears that the multi-million pound redevelopment of a run-down part of Belfast city centre had been shelved have again been refuted this week with news that a planning application has been submitted. The application came five years after the Royal Exchange project was announced.
-
Northern Ireland WeatherThis Evening and Tonight:It will be cloudy with a spell of heavy rain pushing south through late evening and the early hours, soon followed by some clear spells. Minimum temperature 6 °C.
