This year's Irish Open will be staged at Royal Portrush for the first time since 1947.
The Northern Ireland Executive is expected to provide around £2m of funding for the event while additional sponsorship is also being sought.

European Tour chief George O'Grady said that links courses "do not come any better than Royal Portrush".
A successful staging of this year's event could boost hopes of The Open Championship returning to Royal Portrush for the first time since 1951.
"We have been urged to play more events on great links courses and we are delighted to make this announcement today," added Mr O'Grady, who also revealed that the 2013 Irish Open will take place at Carton House.
The European Tour chief executive, who added that the Portrush event will have a "minimum 2m Euro prize fund", paid tribute to the Irish Government for supporting the tournament's move to the Northern Ireland venue for 2012.
The tournament will start in the last week of June and finish on 1 July.

Northern Ireland’s profile in the golfing world has been hugely raised by recent major victories for Clarke, Graeme McDowell and Rory McIlroy.
McIlory said he was keen to try to win in his home country. "It’s nice to come home and support your home tournament and maybe bring a little bit of joy back to people’s lives by playing your home event, so I’m looking forward to getting there and trying to win it," he said.
McDowell said he was totally behind the event coming to his home town. "It’s tough times here in Ireland so sponsors are hard to find, but Irish golf has never been stronger," he said. "We are 100% behind anything we can do to make the Irish Open in Portrush the best it can be."

Clarke’s manager Chubby Chandler told Radio Ulster the tournament would attract a global audience. "I think it will be around the world because Royal Portrush is such a famous golf course all over the world," he said. "A lot of people will have played it, so there will be an awful lot of interest in what goes on here in June. "The golf course deserves it, Darren deserves it. I think Darren has had a huge part to play in it and the fact he won the Open has probably brought it forward by a year, maybe even more."