25/03/2002

Science Park is crucial to future NI prosperity

Sir Reg Empey, Minister for Enterprise, Trade and Investment, has described the Science Park as crucial to the future prosperity of Northern Ireland.

It is hoped that the Innovation Centre in the Science Park will help establish new research centres and manufacturing businesses and have the potential to create up to 3,000 new employment opportunities.

At an event to mark the start of construction of the new Innovation Centre at the Northern Ireland Science Park site in Titanic Quarter of Belfast Harbour Estate, Sir Reg said: “The development of the Northern Ireland Science Park will ensure that we are ready and able to meet the ever changing needs of the knowledge based economy in the 21st Century. It has therefore a crucial role to play in helping us achieve the future economic prosperity which we all seek for Northern Ireland.”

Speaking at a ceremony on board HMS Caroline, which is anchored in Belfast Lough alongside the Science Park site, the Minister said: “We are seeing our collective vision for an internationally recognised Northern Ireland Science Park take shape. I have every confidence that the Science Park will make a substantial contribution to strengthening significantly the economy of Northern Ireland through the commercialisation of our academic research base.”

The Innovation Centre, which will be supported by the Northern Ireland Science Park Foundation, is the first building on the site and is co-financed by the International Fund for Ireland. It will provide a state-of-the-art communications network, accommodation of an exceptionally high standard and conference and meeting room facilities.

Sir Reg said that the establishment of the Northern Ireland Science Park is a significant step towards creating a world-class knowledge-driven economy in Northern Ireland in partnership with the higher education sector and private industry. The minister said such centres of research and academic excellence were crucial to ensure future success in the modern global marketplace.

The International Fund for Ireland has provided £2 million in “pump priming” support towards the cost of developing the Centre.

The Minister added that the long term goal of the Northern Ireland Science Park project was to cater for new spin out companies from universities and industry, while seeking to attract research and development units from indigenous companies and inward investors.

(SP)

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