State Aid
From 1 January 2021, all subsidies provided by public authorities in Northern Ireland must comply with either the EU State aid rules or the subsidy control chapter of the EU-UK Trade and Cooperation Agreement and any other international subsidy commitments. This grant is a subsidy that complies with subsidy control chapter of the TCA and other UK Free Trade Agreements.
SCHEME TITLE
Operating aid to City of Derry Airport (Operations) Limited
PROJECT DESCRIPTION
The specific objectives of the project are:
- To secure accessible and affordable air connectivity for Derry/Londonderry and the wider North West City Region, as well as enabling the delivery of the ambitious objectives and outcomes in the Strategic Growth Plan 2017-2032for the Derry City and Strabane District Council (DCSDC) area. A link to the DCSDC Strategic Growth Plan can be found www.growderrystrabane.com. The National Planning Framework Ireland 2040 explicitly recognises the North West as a cross border city region and commitment has been made by both governments to support regional development, help create jobs and promote investment in the North West of Ireland. The project is an integral part of the plan to develop the North West City Region which primarily comprises the council areas of DCSDC and Donegal County Council and is the 4thlargest city region on the island of Ireland. The project is integral to the promoting and supporting a cohesive approach to the North West City Region.
- To contribute to a balanced regional economy by tackling regional infrastructure disparities and deficits enabling the City Region to contribute to the growth of the North West cross border region and Northern Ireland economies.
GRANT RECIPIENT
CODA (Operations) Limited - Company Registration NI601585
GRANTING AUTHORITY
Derry City and Strabane District Council (DCSDC)
LEGAL BASIS
The relevant legal powers under which support will be provided under this scheme are contained in:
- Article 8 of the Local Government (Miscellaneous Provisions) (Northern Ireland) Order 2002- Powers of District Councils in relation to Economic Development.[1]
DURATION OF SCHEME
01.04.22 to 31.03.23