Invest Northern Ireland has announced details of a £900,000 investment by Assystem UK Limited.
Part of the French-owned international engineering company Assystem SA, Assystem UK will be based in Belfast and will specialise in aerospace design engineering. The company has already taken on 30 staff and plans to recruit at least another 20 at its Old Channel Road location.
Welcoming the investment, Invest NI’s Chief Executive, Leslie Morrison, said: “This investment by an international company will deliver wide economic benefits to Northern Ireland. As well as creating 50 high-quality jobs, many at graduate level, it will strengthen Northern Ireland’s aerospace sector.”
Belfast was just one of a number of potential EU locations considered by Assystem, which is seeking to expand its global network of engineering offices. It was attracted to Belfast because of the availability of skills, the competitive cost structure, the quality of telecoms infrastructure, and the support offered by Invest NI.
“Assystem will provide just over £4 million in salaries over a three-year period. There is also potential for collaboration between the company and our universities with the aim of producing cutting-edge engineering solutions for the aerospace industry,” said Leslie Morrison.
Northern Ireland has an international reputation for excellence in aerospace. A strong tradition in aeronautical engineering has been consolidated in recent years by the establishment of the Centre of Excellence of Integrated Aircraft Technology at Queen’s University.
Jeff Hoyle, Assystem’s Aerostructures Director, commented: “Our aim is to create an engineering design centre of the highest calibre and we are confident that the ready availability of talented engineering graduates, the potential to work with the local universities and ongoing support from Invest NI will ensure that we can achieve that.”