Belfast City Council is advocating for its “fair share” of regional regeneration funding from the UK government, requesting £250 million ahead of the upcoming Budget statement. This push highlights stark funding disparities between Great Britain and Northern Ireland, where current investments fall significantly below those in Scotland, Wales, and various English regions.
Local officials emphasize that Northern Ireland receives approximately half the regional average spending on regeneration and local growth per capita. The council argues that this has resulted in a “regeneration deficit,” hampering economic growth and creating missed opportunities for positive social and environmental outcomes.
In a formal statement, the council noted, “Several specific regeneration funds available in the rest of the UK have not been available in Northern Ireland, which, despite our strong economic performance, has led to underinvestment and fragmented powers.” This underfunding has stymied the potential for transformative projects that could advance Belfast’s growth.
Investment Focus on Infrastructure and Housing
The proposed funding would target housing-led, mixed-use regeneration initiatives. It aims to address dereliction and improve infrastructure, connectivity, and public spaces across the city. The council hopes to revive stalled projects, including development plans for the Cathedral Quarter, Waterside, Dunbar, and The Sixth.
Sinn Féin Councillor Natasha Brennan expressed optimism about Belfast’s potential for growth, stating, “Belfast makes such a compelling investment proposition. Just look at our talent, our strengths in areas like FinTech and life and health sciences, advanced manufacturing, and the creative industries.”
Brennan highlighted ongoing plans to enhance city centre living and the regeneration of significant venues, including the Assembly Rooms and the creation of Belfast Stories, a world-class public space set to open by 2030. She underscored the necessity for increased funding to ensure Belfast can compete effectively on a global scale.
Call for Equitable Funding
The Belfast Place Based Growth Proposition articulates a clear case for targeted investment comparable to that available in other UK cities. The council believes that with equivalent funding, Belfast can drive growth not only for itself but for the entirety of Northern Ireland and the UK.
The potential benefits of this funding extend beyond mere economic metrics. Local leaders assert that revitalization efforts will foster positive social outcomes and enhance the environment, ultimately uplifting communities across the region.
As Belfast prepares to make its case in the lead-up to the Budget statement, the council remains hopeful that this appeal will resonate with decision-makers and lead to the much-needed financial support.
