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Invest NI Business Plan 2021-2022
Following approval by the Minister in September 2021, we have now published our 2021/22 Business Plan.
Mentoring scheme
Discover training best practices to enhance your staff's skills, giving your business the competitive edge to thrive.
US Firm RiverStone chooses Northern Ireland for £2.5m R&D investment to create first of its kind software
US firm RiverStone has chosen Northern Ireland to embark on a £2.5million Research & Development (R&D) project to create a new and innovative re-insurance platform called Orbit.
Energy Efficiency Capital Grant (EECG) | Launch Event
Stakeholders and local businesses attended the launch of our Energy Efficiency Capital Grant (EECG) on Wednesday 8 May 2024 at The Seagoe Hotel, Portadown.
Attendees got the opportunity to hear more about the support on offer, the importance of investing in energy efficiency equipment and from other businesses who availed of the support.
Representatives from Invest NI and The Department of the Economy explained how the grant of up to £150K can help Northern Ireland businesses:
- Reduce their energy costs
- Purchase and install energy efficient equipment in areas including:
- Lighting
New £46m scheme launched to support Agri-food and drink processors to improve efficiency and productivity
Economy Minister, Conor Murphy, has today launched a £46m Agri-Food Investment Initiative to support local agri-food and drink processors.
Supply Chain | How to Optimise Logistics in the Supply Chain
Supply chain is an integral part of most businesses and can positively or adversely affect cost in terms of material costs, operational efficiency and working capital.
Logistics are critical for effective operation and material flow. Maximising inbound and outbound processes will directly influence the business performance metrics of cash flow, operational efficiency, and capacity.
Supply Chain | Inventory Management & Forecasting
Inventory management is a set of processes which you utilise to oversee and organise your goods or materials in your facility.
The objective of this webinar is to provide you with an introduction to elements of Inventory Management and how that links into forecasting.
Supply Chain | Supplier Selection & Performance Management
Suppliers play a critical role in helping companies succeed. In order to find the right ones, businesses need to consider a number of critical factors, including: Price, Reliability, Value for money, Responsiveness, Quality and Flexibility.
The objective of this webinar is to provide you an introduction to key elements of Supplier Selection & Performance Management, the criteria for selecting a supplier and what to look for in a supplier.
Supply Chain Management
Supply Chain Management is managing the flow of goods and services from the manufacturing of the product right through to the customer or end user. For this process to work successfully, it requires an organisation to have a network of suppliers to successfully move the product through each stage.
Our Supply Chain Management webinar will highlight how you can take action to make your supply chain more resilient and how you can work to develop your supply chain function so it delivers value and reduces costs.
Supply Chain | How to Develop a Supply Chain Strategy
Supply chain and purchasing functions are usually tactically focused within most SME’s - and even some larger organisations - with the priority given to ordering and chasing parts. As companies adapt their sales and production strategies to grow, diversify or respond to external changes, it is vital that long term plans are developed and executed that ensure their supply chains are fit for purpose. This can be achieved through Strategic Supply Chain Management.
Supply Chain | Effective Supplier Sourcing for Cost Avoidance
Recent disruptions in the global supply chain have caused many uncertainties around the guarantee of supply and planning for predictable costs.
As a result, many businesses are turning to sourcing to expand their options, and often to bring the supplier base closer to home. As with most new business processes, sourcing can be difficult and time consuming to execute well, but can cause additional disruption if executed poorly.
This supply chain video tutorial will provide an overview of what is considered best practice for sourcing, as well as how it can be implemented within your own
Supply Chain | Effective Negotiation Skills
Effective supplier negotiation skills are critical to successful supply chain management. For negotiations to work, they require purchasing professionals to develop their engagement skills, and be well practiced in detailed preparation ahead of any supplier interaction.
Our Effective Negotiation Skills tutorial will highlight how you can take action to make your engagement more effective and how you can develop your purchasing team, so it delivers value and reduces costs.
Supply Chain | Cost Reduction Techniques
Supply chain is an integral part of most businesses and can positively or adversely affect cost in terms of material costs, operational efficiency and working capital.
Cost reduction techniques are critical to successful supply chain management. It is therefore crucial that professionals can track business costs and identify opportunities to save money.
This tutorial includes practical tips and examples of best practice on how you can effectively carry out the cost reduction process and ultimately continue to deliver value.
Supply Chain | Warehouse Management
Supply chain is an integral part of most businesses and can positively or adversely affect cost in terms of material costs, operational efficiency and working capital.
Effective material handling and control is essential for efficient operation and material flow. Optimising inbound and outbound processes will directly impact the key business performance metrics of cash flow, operational efficiency, and capacity.
Supply Chain | Management Fundamentals
Supply chain is an integral part of most businesses and can positively or adversely affect cost in terms of material costs, operational efficiency and working capital.
Efficient goods management and control is critical for effective operation and material flow. Maximising inbound and outbound processes will directly influence the business performance metrics of cash flow, operational efficiency, and capacity.
Supply Chain | Digitisation in the Supply Chain
Supply chain is an integral part of most businesses and can positively or adversely affect cost in terms of material costs, operational efficiency and working capital.
Digitisation in the supply chain can help improve efficiency, visibility, customer experience and reduce costs. This tutorial includes practical tips and examples of how companies have used digitisation to improve their business.
Invest NI supports half a billion investment in future economic growth and business success
In 2023/23 Invest NI offered £93m of support to companies to help them with a wide range of projects including help to develop new products, invest in energy and resource efficient technologies, improve skills, create jobs and export to new markets. These company investments and Invest NI support will see £519m invested in the NI economy in the coming years.
2023/24 – supporting future economic growth
During the financial year we monitor our activity and outputs against operational targets. These in-year targets help us measure our progress towards our Business Strategy.
KPIs show growth in external sales
Our 2023 Key Performance Indicators (KPI’s) show a strong increase across Sales, External Sales and Exports amongst businesses we supported. All three metrics increased by at least 5 percent on 2022 figures.
Invest NI statement re the acquisition of Spirit AeroSystems
Statement on Spirit Aerosystems agreement