Extract from Report of Town Clerk and Chief Executive to City Marketing Committee – Thursday, 9th September, 2004. _______________________________________ 8. Consultation on the Extension of the EU Programme for Peace and Reconciliation. Purpose of Report A consultation has been issued by the SEUPB to support the UK and Ireland Governments’ request to the EU Commission to extend the PEACE Programme until 2006.The purpose of this report is to bring the consultation document to members’ attention and to allow discussion on the response. Report Four key points are suggested: 1. There is still a need to maintain a focus on building on opportunities arising out of the Peace Programme as well as focusing on activities which directly contribute to peace and reconciliation. There is still a large gap in economic regeneration performance between the Derry region and the Belfast Metropolitan Area and projects such as the Walled City Signature Project demonstrate the need for large scale funding to deal with a legacy of under-investment. 2. Greater emphasis should be placed on the unique bottom up approach of PEACE II administration to delegate decision making to as local a level as possible. This is best achieved by enhancing the role of the Local Strategy Partnerships within the delivery structures and increasing the proportion of funding allocated to these bodies. 3. A larger proportion of funding should also be allocated exclusively to those areas identified as having highest levels of deprivation. In particular funding should be allocated to address EAST-WEST inequalities within the Northern Ireland region. 4. As the PEACE II programme and the Building Sustainablity Programme come to an end a greater emphasis should be on utlilising the PEACE II funds to broker mainstream support post 2006. Approval is sought to respond to the consultation as outlined above.