End of year results from Invest Northern Ireland show that its assistance produced a 70 per cent rise in the number of new jobs promoted by local companies in 2013/14 in Causeway Coast and Glens super council area.
A total of 419 new jobs were promoted including 182 through the Jobs Fund, representing an 88 per cent increase on the previous year. Among other measures showing growth within the local economy are rises in offers and assistance to companies from Invest NI. Offers to companies rose by 18 per cent and investment by 13 per cent on the previous year.
In addition, investment in R&D in the area increased by 26 per cent and skills investment has increased by 341 per cent on last year.
Des Gartland, Invest NI’s North West Regional Manager, said: “The statistics clearly demonstrate that business confidence is improving throughout the council area as companies prepare to take advantage of the steadily improving economy.
“Invest NI has been encouraging and assisting company of all sizes, both externally and locally-owned, to invest in skills development and R&D by means of enhancing their overall competitiveness. The strategic focus on promoting enterprise is also providing tangible benefits particularly in terms of employment opportunities throughout the area.”
Invest NI has put in place processes to enable accurate reporting of the actual number of jobs created as a direct result of the projects which it has assisted. In doing so, Invest NI is the first development agency in the United Kingdom or Republic of Ireland to report in this way across all its job support initiatives.
“We now have the ability to analyse all offers of financial support which were ‘live’ at the beginning of our Corporate Plan period (2011-12) and extracted job creation against these offers. This shows that 853 new jobs have been created in total in the Causeway Coast and Glens in the last three years,” added Des.