Focus for 2015-16

Focus for 2015-16

Invest NI focus and targets for 2015-16


As part of the Northern Ireland Executive’s 2011-15 Programme for Government (PfG) Invest NI has been working to deliver five economic priorities.

Due to the decision to move the NI Assembly Elections to 2016 there has been a one-year extension to the current PfG. For this interim year, until the next PfG is published, we have agreed the following targets with the Department of Enterprise, Trade & Investment.

2015-16 targets

  • Contributing to rising levels of employment by supporting the promotion of over 4,000 new jobs.
  • Achieving £220 million investment in Northern Ireland economy.
  • Increasing the value of manufacturing exports by 6%.
  • Supporting £55 million investment by businesses in R&D, with at least 20% coming from Small and Medium sized Enterprises.
  • Aiding the liquidity of Small and Medium sized Enterprises through a £50 million loan fund.

We continue to operate within a challenging public sector finance environment with strong competition for decreasing resources. The targets above have been set on the basis of access to the necessary resources to deliver these outturns and maximise Invest NI’s contribution to the local economy.

Stimulating innovation and creativity across the business base, improving productivity and driving export focused business growth remain critical to our success in achieving these objectives.

We will continue to utilise the full range of support solutions available and focus on the sectors and markets where Northern Ireland has existing strong capabilities and those with the greatest potential for international growth.

We will continue to showcase Northern Ireland globally as an excellent location to visit, work, invest and do business. Our focus will be to pursue projects in Global Business and Professional Services, Financial Services, ICT, Software and Creative Industries, where the Northern Ireland investment proposition is strong.

 

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