The Loughs Agency of Foyle Carlingford and Irish Lights Commission (FCILC) is jointly funded by the Department of Agriculture and Rural Development for Northern Ireland (DARD) and my Department. The total funding provided by both Departments for the years in question is set out in the following table.
Annual State Grants Provided to the Loughs Agency of the FCILC.
Year
|
Grant
£
|
Grant
€
|
2010
|
4,831,700
|
5,428,876
|
2011
|
4,688,700
|
5,717,927
|
2012
|
4,545,700
|
5,224,943
|
2013
|
4,402,700
|
5,369,146
|
The Loughs Agency met its required saving targets as set down in an Efficiency Savings Delivery Plan targeting 3% annual savings from its baseline 2010 budget. As regards future funding, it has been agreed by the North South Ministerial Council that North South Bodies including the Loughs Agency would operate Efficiency Savings Delivery Plan targeting 4% annual savings from their baseline 2013 budgets.