Published Monday, 03 September 2012
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The former military site at Ballykelly will be the new headquarters for the Department of Agriculture and Rural Development, and Michelle O'Neill said it was a "significant step" towards the target move for the Programme for Government.
"This announcement provides clarity and the time necessary to ensure that any potential moves can be managed carefully and sensitively taking account of business need and the needs of individuals, although this may not always be possible," she explained.
Around 800 staff will be affected by the move, which is expected to begin in 2015 and the Sinn Féin minister said the transfer would stimulate the local economy.
"This is a good news announcement for the rural economy, especially the north west. It is a unique opportunity to relocate high quality public sector jobs outside of Belfast which over the years will bring a range of related economic and social benefits," added the minister.
During the Executive meeting at Stormont the new Victims Commissioner was revealed, and ministers also discussed the recent disorder at parades.
Speaking after the meeting, Justice Minister David Ford said: "I am extremely worried about the outcome of yesterday's march. The fact that 47 police officers were injured is a disgrace. It has to be addressed in a manner in which ensures that we do not ask police officers to hold the line in future in such a way."
He revealed that the First and deputy First Ministers are keen to meet with people in north Belfast to discuss what happened on Sunday.
Meanwhile there has also been speculation that, with Prime Minister David Cameron set to announce his first major cabinet reshuffle on Tuesday, Secretary of State for Northern Ireland Owen Paterson could be in line for a promotion.
UTV's Political Editor Ken Reid said: "The expectation is that he will probably stay, but we'll keep an eye on that - we've had surprises in the past. We should know as early as tomorrow."