Physical Investment Programme
Our physical investment programme is a £400 million citywide commitment to making Belfast a better place to live, work, visit and invest. The programme, which includes around 400 projects, includes major schemes to boost the economy, create jobs and improve the quality of life in our neighbourhoods.
The programme is not simply about building new facilities or assets. Investment decisions are taken in line with the strategic aims and objectives of the Belfast Agenda, the city’s first community plan which sets out a vision for Belfast in 2035. The main elements of the programme are described below.
We’re investing £105 million over ten years to improve our leisure centres, programmes and services. To-date, four new centres have been completed.
This programme aims to encourage additional investment from other sectors for projects that help to develop or regenerate facilities for people who live in, invest in or visit our city. There are 41 BIF projects with a value of £28.2 million.
This programme offers funding to local projects that aim to make a real difference in people’s lives by addressing the needs of local communities. There are 132 LIF projects with a value of £9 million.
The Social Outcomes Fund (SOF) is a £4 million investment in nine projects that will support the city’s growing tourism infrastructure.
We deliver projects on behalf of a number of partners including central government’s Social Investment Fund, the Urban Villages Initiative, Building Successful Communities and the Heritage Lottery Fund.
Three major multi-million pound PEACE IV Programme-funded shared spaces capital projects in north and west Belfast are underway. The PEACE IV Programme is an EU funded cross-border initiative designed to support peace and reconciliation in Northern Ireland and the border region. The programme is financed through the European Union and managed by the Special EU Programmes Body (SEUPB).