Invest Northern Ireland is increasing its international presence with a new office in Toronto to support Northern Ireland businesses to grow exports in Canada.
The announcement came as Invest NI Chief Executive Alastair Hamilton completed a five day visit programme to North America, including New York, Boston and Toronto. Mr Hamilton was meeting with potential new investors.
"As part of the International Trade Plan, Invest NI is expanding its overseas network"- Alastair Hamilton, Invest NI
Making the announcement Mr Hamilton said: “As part of the International Trade Plan, Invest NI is expanding its overseas network in up to ten new locations around the world.
“Our commitment to appoint a Regional Manager in Canada is the next in this series of expansions. The new role will be based in the British Embassy in Toronto and will provide advice to Northern Ireland companies to help them grow exports in Canada.
“As well as building a strong network of stakeholders and influencers to benefit trade development, the new role will also work to identify potential investors. The Regional Manager will support indigenous businesses in key sectors including Advanced Manufacturing and Digital & Creative Technologies, as well as targeting new investment opportunities in areas such as cyber security, precision medicine and Big Data / Internet of Things.”
“Canada is a key target market for ambitious Northern Ireland companies. The latest HMRC figures (January-December 2016) show that our local exporters sold approximately £2.1billion in goods to the Americas, with Canada accounting for £311m of this, largely through machinery, transport and equipment exports,” continued Alastair.
“Building on this is essential in the drive to grow our economy and our new Regional Manager will provide the additional guidance and knowledge needed to help businesses succeed here.”