The Government has consistently supported all initiatives aimed at promoting economic regeneration in the Border region.
The Deputy will be aware that the Border region is already receiving special financial assistance under various programmes related to its special situation. These programmes include the International Fund for Ireland, the Programme for Peace and Reconciliation and the INTERREG programme.
The International Fund for Ireland was established by the Irish and British Governments in 1986 with the aim of promoting economic and social progress in Northern Ireland and the Border counties. The fund has received contributions from the European Union, the United States, Canada, New Zealand and Australia. The fund has already provided a total of £350 million in funding for a large number of projects.
The Programme for Peace and Reconciliation, established by the European Union in 1995, is aimed at Northern Ireland and the Border counties. It involves total EU expenditure of approximately £320 million over four years. At least 20 per cent of this funding is available for the six Border counties.
The Joint Ireland/Northern Ireland INTERREG Programme, established under the Structural Funds, has approved EU funding for the Border counties over the six years 1994/99 of approximately IR£73 million. The allocation to Northern Ireland was STG£53 million.