Belfast-Dublin corridor could be transformed into 'world-class economic powerhouse'

By Jonathan McCambridge, PA

The 120km corridor between Belfast and Dublin could be transformed into a world-class economic powerhouse, a conference has heard.

Over 500 leaders from the public, private and third sectors attended the inaugural Dublin Belfast Economic Corridor (DBEC) event at the International Convention Centre (ICC) in Belfast, which was addressed by First Minister Michelle O’Neill and deputy First Minister Emma Little-Pengelly.

Taoiseach Micheál Martin sent a video address after he was unable to attend in person due to his meeting with Ukrainian president Volodymyr Zelenskiy at Shannon Airport in Co Clare.

DBEC is a network of eight councils and two universities across Ireland.

The initiative aims to unlock the economic potential of the corridor that connects the largest cities in the Republic of Ireland and Northern Ireland.

Ms O’Neill told the conference: “The all-island economy is already thriving, and I believe it presents vast unrealised potential.

“This corridor represents an unparalleled opportunity to drive sustainable growth, harness innovation and build a resilient economy – one that brings about inclusive prosperity for our communities and real benefits for people.”

Ms Little-Pengelly added: “The Dublin Belfast Economic Corridor presents an opportunity to drive economic growth and prosperity.

“By working together, we can unlock its full potential and create a world-class, thriving, competitive and sustainable corridor that benefits everyone.”

In his address, Mr Martin said the DBEC had the potential to unlock economic opportunities, enhance cross-border trade and attract significant investment.

“The future of the Dublin Belfast Economic Corridor region is bright, thanks in no small part to the dynamic collaborative approach of the eight local authorities along its route, supported by two leading universities,” the Taoiseach said.

“Our Shared Island Initiative is founded on partnership, to deliver for people across the whole island.

“That work is under way, with an ambitious agenda backed by a further €1 billion in funding to 2035.

“The last few years have shown what is possible.

“This is only the beginning of what we will achieve, in co-operation with Dublin Belfast Economic Corridor members, to build understanding, opportunity and prosperity for all on our shared island.”

The conference included discussions on issues such as the need for investment in infrastructure, skills development and innovation.

Mayor of Fingal Brian McDonagh and Pete Byrne, chairman of Newry, Mourne and Down District Council, are the co-chairmen of the DBEC Political Advisory Group.

They said: “We are building the foundation for a new era of cross-border economic cooperation that will benefit businesses and communities across the entire region.

“The Dublin Belfast Economic Corridor is testament to what can be achieved when we work together.”