Leo Varadkar to visit Belfast to unveil €1bn peace fund

Joint support from Irish and British governments and the EU aimed at promoting ‘continued economic, social and environmental development of Northern Ireland’

Taoiseach Leo Varadkar will announce a €1bn peace fund for Northern Ireland on Monday. Photograph: Liam McBurney/PA Wire
Taoiseach Leo Varadkar will announce a €1bn peace fund for Northern Ireland on Monday. Photograph: Liam McBurney/PA Wire

Taoiseach Leo Varadkar will travel to Belfast on Monday and announce details of a new €1 billion peace fund, provided by the EU, the UK and the Irish Government.

Mr Varadkar is expected to be present with European Commission vice-president Maros Sefcovic and the British Secretary of State for Northern Ireland Chris Heaton-Harris and is likely to discuss the implementation of the Windsor Framework and the prospects for the re-establishment of the Stormont institutions, officials said.

The Taoiseach is also expected to meet Northern Ireland businesses during the visit.

The new programme, Peaceplus, will have a fund of €1.14 billion. It is designed “to support peace and prosperity across Northern Ireland and the border counties of Ireland”.

READ MORE

Previous EU programmes, the Peace and Interreg programmes, have funded 23,000 projects since being established after the Belfast Agreement in 1998.

The Peaceplus programme will fund projects “across six key themes designed to ensure the continued economic, social and environmental development of Northern Ireland and the six border counties,” a briefing note from the Department of the Taoiseach says.

The programmes are managed by the Special EU Programmes Body (SEUPB), a North-South implementation body established under the Belfast Agreement. The SEUPB is headquartered in Belfast, with smaller offices in Omagh and Monaghan, and is jointly sponsored by the Department of Public Expenditure, National Development Plan Delivery and Reform in Ireland and the Department of Finance in Northern Ireland, the briefing notes says.

Taoiseach says he believes there will be a united Ireland in his lifetimeOpens in new window ]

Separately, the Taoiseach will host the Croatian prime minister Andrej Plenkovic for a visit to Dublin on Tuesday.

Pat Leahy

Pat Leahy

Pat Leahy is Political Editor of The Irish Times