# EU gives IFI £40 million

- Link: https://fundraising.co.uk/2006/10/12/eu-gives-ifi-40-million/
- Published: 2006-10-12T23:00:00+01:00
- Author: Howard Lake

The European Union has made a £40 million contribution to the International Fund
for Ireland.

The IFI – set up by the Irish and UK governments 20 years ago – has garnered contributions
that have delivered 6,000 projects costing more than £580m.

The European Commission has contributed more than one third of the total since 
1989. It has now said it proposes to contribute another £40,529,575 between 2007
and 2010. According to IFI chairman, Denis Rooney, 2010 is likely to see the end
of the IFI.

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Regional Policy Commissioner Danuta Hubner said the funding was “a clear manifestation
of the deep and ongoing commitment of the Union to the peace and reconciliation 
process in Northern Ireland and the Republic of Ireland”.

She said the IFI had “produced remarkable results in pacing the way towards a better
and peaceful future” on both sides of the border.

The proposed extra EU funding will receive the necessary formal approval from EU
ministers in December.

It is in addition to the £140m that will be allocated from EU regional policy funds
to the programme for Peace and Reconciliation (PEACE programme), which operates 
in Northern Ireland and in the border counties of the Irish Republic.

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