23/07/2001

INI programme continues on course

Work is continuing in the development of the new economic agency which will amalgamate the work of the Industrial Development Board (IDB), Industrial Research and Technology Unit (IRTU) and LEDU.

Announced by Sir Reg Empey, Minister for Enterprise, Trade and Investment, Invest Northern Ireland (INI) is being set up in response to the overwhelming weight of opinion that the time is now right for a more efficient delivery of economic development services.

The new agency is expected to have the necessary resources and influence to make a significant difference to the local economy.

With work currently underway to appoint a Chief Executive Designate, and a Shadow Chairman and seven Shadow Board members, the agency is expected to be up and running early next year.

As a Non Departmental Public Body, it will have its own Board with executive powers that it will enable it to employ key specialists with speed and flexibility.

The creation of jobs and wealth, as well as the promotion and encouragement of innovation and entrepreneurship in the economy, will be central to its focus. (MB)

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