The University of Ulster at the Magee, campus, Co Derry, is to be the site of a multi-million-pound International Business Centre, it was announced yesterday.

The new business centre, which will promote international development programmes for local businesses, will form part of the Magee College Research Village, the location for the Derry component of the Northern Ireland Science Park.

The Centre, which will add to the several hundred high quality jobs planned for the Science Park, will work closely with the new Massport Trade Centre in the city, also announced this week.