Department of Social Development

“Detailed plans for the £360m regeneration scheme - known as the Royal Exchange - are due to be lodged with planners later this year.”

“We do not need to spend the money in this financial year as we are not as far along implementing the scheme as was envisaged in the autumn of 2007," the department said.”

“That does not though mean that the scheme has been shelved as we have signed the agreement with the developer who must submit the planning application by 31 October 2010.”

“must submit the planning application by 31 October 2010.”