The Magee Taskforce interim report published on Wednesday in Derry outlined that progress has been made on securing further commitment and defined timelines from key stakeholders ahead of the formulation of its action plan later this year.
The Taskforce has said that there is a stronger unity of purpose than ever before, and a genuine willingness to address historic underinvestment in the North West, but, sustained direct interventions will be required.
The Taskforce has said that whilst it is still receiving input, all parties are committed to delivery for the first time since the New Decade New Approach agreement, five years ago.
The Taskforce has acknowledged serious commitment from Ulster University, the Department for the Economy and Derry City and Strabane District Council in setting up specific teams to focus on the expansion project.
The Taskforce understands a significant part of the £700m is already secured or committed. It is estimated that up to 40% could come from private sector investment in student accommodation.
The Magee Taskforce was announced in March to bring forward an action plan to expand Ulster University’s Magee campus in Derry to 10,000 students as soon as practicable.
The Taskforce has also stated in the report that the development will be across all four faculties of the university but that no expansion of Magee should come from displacement of students from Coleraine to support the Executive’s regional balance ambitions.
Негізгі бет New Magee campus in Derry will require around £700m investment - Taskforce reports
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