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Belfast Investment Fund

Through our Belfast Investment Fund (BIF) we have set aside £28.2 million for projects that help to develop or regenerate facilities for people who live in, invest in or visit our city. 

A key objective of the fund is to encourage key private and public sector partners to co-invest in these projects. 

Decisions on BIF funding are taken by area working groups, made up of councillors from the local area.

To date we have committed funding to 12 projects and are currently considering others right across the city.

This table shows the details of each project we have funded through BIF to date.  This list will be added to as further funding is committed.

Name of project   Short overview BIF investment  Other Investment  Total investment  Current status 
Blanchflower Playing Fields 
(east Belfast)
Development to produce an IFA Premiership standard pitch, 206 seater stand and clubhouse and associated facilities.  £2,370,000  To be confirmed  £2.37 million currently   Ongoing
Bloomfield Community Association
(east Belfast) 
 New build community facility £440,000  To be confirmed  Currently estimated at £618,000  Ongoing 
Bredagh GAC 
(south Belfast)
Redevelopment of a derelict parish hall and creation of a purpose built club and community facility including multi-purpose hall, lecture and training room, meeting room, conference facilities and kitchen.  It is proposed that the new facility would be open for a wide range of uses.  £700,000  £180,000 Bredagh GAC  £880,000  ongoing 
Cancer Lifeline (north Belfast)  Refurbishment of building to provide a support centre for families of those suffering from cancer. £650,000  None  £650,000  ongoing 
Davitts GAC (west Belfast)  Creation of full size Gaelic pitch, complete with spectator stand, changing rooms, hurling wall, children’s playground and outdoor gym.  £1,000,000  £150,000 from Belfast City Council’s School Pitches Enhancement Fund 

£350,000 from Space and Place
£1,500,000 ongoing 
Grace Family Centre (north Belfast) Construction of a new resource centre to provide a safe and nurturing place of respite with counselling, childcare, information, training, advice and education opportunities for women and their families. £1,600,000  £32,695 developmental support from North Belfast Ethical Investment Trust  £1,632,695  ongoing 
Lagan Gateway (south Belfast) This project aims to redevelop and reopen the Lagan Gateway weir at Stranmillis.  It is part of a wider Lagan Corridor project which aims to reopen the Lagan Canal from Belfast Harbour to Edenderry.  As well as contributing to a reduction in potential upstream flood levels between Stranmillis and Lagan Meadows, the scheme will provide an improved public amenity for residents and tourists and may go on to encourage a wide range of sport and recreation activity in the area.  £2,150,000  £1,000,000 from Ulster Garden Villages 

£1,950,000 from the Department for Communities
£4,100,000  ongoing 
Lanyon Tunnels (south Belfast) A project to open up eight disused tunnels that run below East Bridge Street, connecting Central Station, St George’s Market and Lanyon Place with the Markets area.  It is proposed that the tunnels would be used as a unique space for possible commercial development, suitable for retail, light industrial, office and leisure use (subject to planning).  Opening the tunnels could also improve mobility and access, and connect the local community to new developments and opportunities being created in the wider Laganside area.  £1,300,000  £1,300,000 from The Executive's Office Social Investment Fund  £2,600,000  ongoing
Líonra Uladh - Raidió Fáilte
(west Belfast)
Construction of a new building for the Irish language community media broadcaster, to include training, recording and archiving facility.  £950,000 £460,000 from Department for Communities 

£375,000 from CISTE
 Approx. £1,785,000 ongoing 
St Comgall’s (west Belfast) The project aims to physically restore this former school building to its former glory, in keeping with its Grade B1 listed status.   The aim is to create an iconic shared, neutral space representing a symbol of a shared future while still acknowledging the shared history of the site and its architectural and historical importance.  It is hoped that when complete, the building will be used for a range of purposes, including function rooms, exhibition space, café and genealogy centre.  £3,500 000  £3,500,000 from the NIO’s Social Investment Fund  £7,000,000  ongoing 
Strand Arts Centre (east Belfast) Major refurbishment of Northern Ireland’s last remaining art deco cinema. The project will vastly improve accessibility in the arts centre as well as creating flexible spaces for live arts performances, cinema, educational and skills development, heritage tours and a café bar area.  £1,800,000  to be confirmed Currently £1,800,000 ongoing 
Willowfield Parish Halls (east Belfast) Refurbishment of parish halls to provide permanent base for the Willowfield Youth Trust.  The trust provides support services for young people in relation to gaining employment, education and health and wellbeing.  The facilities are also used by the wider community for a range of activities including parent and toddler groups and community food bank. £560,000  £240,000 from the Department of Education

£325,000 congregation donations
£1,125,000  complete 

You can view images of many of the projects that we have funded through BIF in this Flickr gallery.

If you can’t see this gallery, visit www.flickr.com/belfastcitycouncil to view the photos.

Belfast Investment Fund

 

 


Contact us
Programme Office
028 9032 0202 ext 3487
Property and Projects Department
3rd floor, 9 Adelaide
C/O Cecil Ward Building
4-10 Linenhall Street
Belfast
BT2 8BP