Funding from the UK government, Irish government and the European Union will total almost £1 billion, as part of the new Peace Plus programme.
The DUP have paid tribute to David Hilditch as he announces his retirement due to health reasons.
The appointment is part of Keir Starmer’s frontbench reshuffle, in which he also appointed Hilary Benn as Shadow Northern Ireland Secretary.
In a reshuffle of his shadow cabinet, the Labour leader has given Hilary Benn a new role whilst moving the former shadow NI secretary to a new department.
Secretary of State for Northern Ireland, Chris Heaton-Harris has said there will be no financial package to encourage a return to Stormont.
She replaces Grant Shapps who has moved to the Ministry of Defence.
Downing street announced the appointment of the new defence secretary today.
The councillor for Bangor Central will step down next month.
The SDLP’s leader has written to the chair of the Culture, Media and Sport Westminster committee.
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