Funding for Bombardier and progress on Derry Londonderry City Deal during Chancellor visit

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Wednesday, 25 July 2018 14:58

By Q Radio News

The Chancellor has announced nearly £12 million of funding for Bombardier during a visit to Northern Ireland.

Phillip Hammond says it's to help the firm secure long-term manufacturing jobs in Belfast.

He has also invited a bid for Derry Londonderry to apply for a long-awaited City Deal.

In a statement the Chancellor said: "We are backing Bombardier with £12 million of new money to help develop cutting edge technology - here in Northern Ireland - for modern aircraft.

"This will help to secure jobs for Northern Ireland’s economy and cement the UK’s role as a leading manufacturer of high tech aircraft components.

"Northern Ireland is leading the way within the UK in productivity growth.

"I want to support this progress by inviting a bid for a Derry-Londonderry City Deal, an opportunity for the region to continue to drive forward economic growth and build an economy that works for everyone."