£5.6million investment and 100 new jobs announced in Londonderry and Strabane

Nov 23, 2016
Pictured with the Economy Minister Simon Hamilton are Des Gartland, Invest NI North West Regional Manager, Conleth Doherty from Factory Automation Systems Technologies Ltd and John Deery from Mechanical Installations & Maintenance both of who announced they would be recruiting as part of their investment plans.

Economy Minister Simon Hamilton MLA has hosted a special event in Londonderry to acknowledge the growth and investment of businesses in the North West.

Ten businesses, two of which are new investors, are creating 100 new jobs and investing over £5.6million in the local economy.

With the support of Invest Northern Ireland, Mechanical Installations & Maintenance, Meritcom, Precision Group, Retail Systems Technology Limited, Junk Kouture, Click Energy, Gradon Architecture and FAST Technologies have each been working on growth projects.

Two GB-based software businesses, Launch Pad and Peoplesafe, are also establishing offices in the city and plan to create a total of 16 new jobs over the next 12 months.

Speaking at Invest Northern Ireland’s Timber Quay offices, the Minister said: “This multi million investment by indigenous businesses and UK investors is positive news for Londonderry.

“The 100 new jobs being created span a range of roles and industries including software development, engineering, marketing and finance, and once in place will contribute over £2.5million in additional salaries to the local economy.

“Invest Northern Ireland has offered £578,400 to support the growth of these businesses who by doing so are committing to both their future and the sustained economic growth of the local area.”

The Minister added: “Every business plays a role in our economic success and strengthening and growing Northern Ireland’s private sector requires all stakeholders to work in partnership towards the achievement of a common goal. I welcome the joined-up approach to economic development in the North West and the contribution the Council and local stakeholders such as the Chamber the Council are making, alongside Invest Northern Ireland, to rebuild and rebalance our economy.

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