Finance Minister Máirtín Ó Muilleoir has increased the delegated authority levels for EU Peace IV and INTERREG VA programmes to speed up the appraisal process.
The Minister said: “In line with my pledge to maximise access to EU PEACE IV and INTERREG VA programmes at this uncertain time, my department is increasing delegated authority arrangements for departments from £2million to £5million.
“My department has conducted a review of the current process across departments and is content that the level of approvals already in place across the programme both at SEUPB level and individual department level provides sufficient control for projects with expenditure less than £5million. I’m committed to helping speed up the process and this action, the first major change since 2008, will shorten the approvals process by an average of three weeks. Fourteen projects in the first tranche will benefit immediately from this decision and it comes in advance of an important Steering Group meeting on 27 July.”
Only those projects with expenditure greater than £5million will now require Department of Finance (DoF) approval.