Image source, Pacemaker Image caption Finance Minister Conor Murphy has denied the charges. his party was alarmist
The DUP's plans to boycott theNorth-South Ministerial Council ions could put £ 1 billion of Peace Plus funding at "significant risk ", Conor Murphy said.
Stormont's finance minister has said the money was to be approved at next month's council meeting.
Last week the DUP said would boycott most North-South meetings until the NI protocol is changed.
Her MP Diane Dodds said there was "no risk " in funding the peace program.
But Murphy denied accusations that his party was alarmist and insisted on funding concerns was a "fact ".
"There is a year-by-year deadline attached to this billion pounds sterling and if it is not spent, then it cannot be spent, "he said.
" If we are nots able to get approval at the next North-South meeting, the capacity of this program is seriously compromised. go ahead rd. "
The minister added that the funding had to be ready to be rolled out at the end of this year and also had to be approved by the Stormont executive.
On Wednesday Ms Dodds rejected Mr Murphy's suggestion that money could be lost.
"The vast majority of that money actually comes from the UK government ... the overwhelming majority are from London and there is relatively no threat to that, "she told a Stormont committee.
image caption Sir Jeffrey Donaldson has said his party will boycott most meetingsns north-south until its NI protocol requirements are met
But Mr. Murphy said there was a "legal requirement " for the money be approved in the North-South Ministerial Council.
"The DUP should really consider the consequences of their actions before taking them," he added.
The North-South Ministerial Council (NSMC) is the main body for cross- cooperation between the governments of Northern Ireland and the Republic of Ireland.
It brings together ministers on both sides of the overseeing joint work in areas such as trade, food security and agriculture.
But last week, DUP chief Sir Jeffrey Donaldson, said his party would boycott most meetings "immediately " until his demands on the Northern Ireland protocol are met.
Peace Plus is the successor to the programs which have been taking place since 1995 in Northern Ireland and the counties of the Republic of Ireland.
It is funded by UK, Republic of Ireland and EU.
source of the 'image, PAcemaker caption of the image The London Peace Bridge is one of the major projects in Northern Ireland which Funding the 'EU helped build
Peace Plus is managed by the Special European Union Programs Body (SEUPB).
Northern Ireland and the counties The Republic of Ireland has received over 3 billion euros (£ 2.7 billion) in peace projects since the start of the program.
Some of the best-known pros projects include the Peace Bridge over the River Foyle and the regeneration of Girdwood Barracks in North Belfast.
However, most of the money has gone to smaller community projects .