€217m is to be invested into the Northern and Western region in the coming years.
The new stimulus package, approved by the European Commission is set to support regional development schemes across the region.
The ATU is set to benefit from the package by way of supporting regional research and capacity building.
The investment also aims to address the high rate of derelict and vacant properties in the region.
Director of the Northern & Western Regional Assembly David Minton says its about accelerating development in the region: