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Derry City and Strabane District Council, proposed subsidy to CODA (Operations) Limited

  • This subsidy, worth £20.667 million, aims to help CODA (Operations) Limited fund the cost of operating the City of Derry Airport between 1 April 2025 – 31 March 2029. It is a shortfall payment to cover net operating costs and necessary capital investment expenditure.
  • Our key takeaways from the Subsidy Advice Unit (SAU) report are:
    • Where possible, conclusions should rely on current evidence rather than historical information or explain why this historical information is still relevant. This includes in relation to evidencing the counterfactual scenario and when looking at impacts on competition.
    • Detailed explanation should be made as to what extent the authority has taken to test assumptions underlying any analysis relating to shortfall payments, including whether it has been limited to the minimum necessary.

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