Invest Northern Ireland Supports Growth of Local Companies

Jul 08, 2014

Over 90 per cent of Invest Northern Ireland assistance in 2013/14 in the new Armagh, Banbridge and Craigavon super council area was deployed to support the growth of locally-owned companies.

As a result of Invest NI assistance 683 new jobs were promoted. The new council area also saw a higher level of assistance and investment per head of population.  Locally owned assistance per head of Adult Population was £314 and investment per head is £1,460 in 2013/14, above the Northern Ireland average of £217 and £1,003 respectively.

Mary Gormley, Manager of Invest NI’s Western Regional Office, said: “These statistics show the extent of Invest NI’s commitment to the area and the benefits resulting in particular in terms of new business starts.

“The area clearly has a strong and growing base of entrepreneurial businesses and is benefiting from Invest NI’s support which is providing tangible benefits and will lead to future job opportunities in the years ahead.”

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 1,761 new jobs have been created in the Armagh, Banbridge and Craigavon super council area in the last three years,” added Mary.

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