G8: final cost for Fermanagh summit was £80m

Sammy Wilson Finance Minister Sammy Wilson made the announcement in the assembly on Monday

The bill for hosting last month's two-day G8 summit in Fermanagh was £80m, the Finance Minister Sammy Wilson has told the Northern Ireland Assembly.

Most of it, £75m, was for policing and security-related costs.

An additional £5m funded things like road improvements around Enniskillen, publicity campaigns and increased staffing at hospitals during the summit.

London has agreed to pay £60m of the total bill.

Mr Wilson said: "The most important thing is we delivered a safe and secure event. Of course, this did not come free.

"We must recognise that the G8 event has the potential to generate huge economic benefits to Northern Ireland."

The costs emerged as Mr Wilson announced a redistribution of £200m of Stormont finances in the June monitoring round, which included money from the stalled A5 road project.

The main beneficiaries are the Department of Regional Development (DRD), receiving £59m, and the Department of Health, which is getting around £55m.


Half of the DRD allocation will go on additional road maintenance schemes.

DRD Minister Danny Kennedy had previously suggested advancing other major projects and Mr Wilson said the Magherafelt by-pass in County Londonderry was the one the Executive wanted moving forward next.

But work will not start on the £40m scheme until the autumn of 2014.

Mr Wilson said the money for health would be of huge benefit, believing it would help upgrade hospitals and equipment.

The Department of Enterprise, Trade and Investment is to receive a £19m funding boost.

The money has been earmarked, for among other things, offering aid to new or expanding companies.

"The fact DETI sought this additional funding provides another indication of emerging optimism in the local economy," said Mr Wilson.

He said there was also good news for potential new home-owners.

The Department of Social Development is get £10m for the co-ownership scheme, which is over-subscribed.

The money will help an additional 200 new homeowners onto the property ladder and be a boost to the construction sector, said Mr Wilson.

More Northern Ireland stories



  • Shinji Mikamo as a boy, and Hiroshima bomb cloudLove and the bomb

    The Japanese man who lost everything but found peace

  • Northern League supporters at the party's annual meeting in 2011Padania?

    Eight places in Europe that also want independence

  • scottie dogShow-stealers

    How Scottie dogs became a symbol of Scotland

  • Hamas rally in the West Bank village of Yatta, 2006Hamas hopes

    Why the Palestinian group won't back down yet

  • The outermost coffin of Tutankhamun 'Tut-mania'

    How discovery of Tutankhamun's tomb changed popular culture

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.