Minister announces £1.2m investment for regeneration project within Londonderry’s historic walled city
Date published:
Communities Minister Gordon Lyons today announced a grant of £1.2million for the purchase of the former ‘Austins’ department store in the heart of Londonderry’s historic city centre. Austins is a landmark listed building that occupies a prime location, but which has lain vacant for the last nine years.
This significant grant award to the Inner City Trust recognises the strategic importance of this signature building and forms part of a wider initiative to address dereliction and vacancy across the city centre. In the short term, the funding will ensure the Trust can complete the purchase and undertake immediate restoration works to secure the important built heritage of this key property and begin to advance the physical, social, and economic regeneration of the city. The Trust have already begun to engage with a range of public and private sector bodies regarding the potential future uses of the building.
Announcing the purchase of Austins, Minister Lyons said
“I am pleased my Department has been able to fund the purchase of the ‘Austins’ building. The investment of £1.2million is the first step in the regeneration of this iconic building located at the heart of the Historic Conservation Area.
“This investment will have a transformative effect, not only on Austins, but will contribute to the regeneration of the wider city centre and underlines my commitment to delivering projects which regenerate our urban areas, develop stronger communities and support their continued growth. This is an exciting time for the city and the wider region and this project, along with several others which my Department are also supporting, contributes to these commitments”.
The Venerable Robert Miller, Chairman of the Inner City Trust, hailed today’s announcement as a significant step forward in the rescue and revitalisation of one of the city’s most iconic buildings, saying:
“This investment is a testament to the power of partnership. I am deeply grateful to the Minister and his Department for their commitment to this key project, which aligns seamlessly with the Inner City Trust’s vision to drive the physical, social, and economic regeneration of the City Centre."
He added:
“This restoration will not only breathe new life into an important historic building but will also strengthen the Department for Communities’ Public Realm Scheme and the transformative ambitions of the Derry City and Strabane District Council’s City Deal. It sends a clear message of confidence to other investors that our city is a place of progress, innovation, and opportunity. Our built heritage is a cornerstone of our identity, and through projects like this, it will play a pivotal role in shaping a vibrant, reimagined City Centre - one that fosters prosperity and inspires generations to come.”
Notes to editors:
- Photo Caption: Marking the announcement of £1.2m from the Department for Communities for the redevelopment of the former Austins building in Londonderry, are Minister Gordon Lyons, Rev Robert Miller and Helen Quigley from the Inner City Trust.
- The purchase of Austins has been enabled by the awarding of a Capital grant of £1.2 million to the Inner City Trust.
- The Inner City Trust is a ‘not for profit’ third sector organisation and its mission is to advance the physical, social, and economic regeneration of Londonderry. They have a proven record of regeneration projects in Derry-Londonderry.
- The Department’s Urban Regeneration and Community Development Policy Framework provides an overarching structure for the Department’s regeneration activities.
- The Department for Communities continues to work in collaboration with local stakeholders on a range of strategic Regeneration interventions such as the Inner Walled City Public Realm scheme, the Derry City and Strabane District City Deal and the redevelopment of Fort George.
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