21/05/2013

Call For Effort To Promote Investment Opportunities In West Belfast

SDLP Councillor Tim Attwood has said there must be a concerted effort to promote investment opportunities in West Belfast.

Figures revealed in an Assembly Question asked by SDLP MLA Conall McDevitt demonstrate that West Belfast was given £4.46m financial assistance in 2011-12 and that in the period from 2007-2012 there was only 45 inward investment visits to the area.

Mr Attwood said: "The figures provided by the Minister for Enterprise, Trade and Investment lay bare the low level of financial assistance given to companies in West Belfast. This coupled with only 45 inward investment visits to the area from 2007-2012 is putting barriers up for business development.

"There is a stark difference in financial assistance provided to companies in South and East Belfast compared to West Belfast with only £4.46million allocated during the 2011-12 period. Given the talent among the workforce here this is simply not good enough.

"West Belfast is also lagging behind other parts of Belfast when it comes to inward investment visits by people including existing investors and stakeholders.

"Invest NI must assist companies in West Belfast who want to provide employment opportunities and harness the potential of a talented workforce. It is in all our interests to see businesses in this part of Belfast thriving and we must be allowed a fair crack at the whip. Invest NI has a responsibility to target areas of need and must ensure that West Belfast is given greater priority."

(CD/MH)


Related Northern Ireland Business News Stories
Click here for the latest headlines.

19 February 2019
Coleraine Based Insurance Firm To Sponsor North West 200 Race
An online insurance provider based in Coleraine is set to sponsor the Supertwin Race at the North West 200 in May this year. MCL InsureTech, a widely used provider in the Republic of Ireland, is expanding its operations into Northern Ireland and will sponsor the Thursday evening race during the popular motorcycle meeting in Portrush.
26 November 2001
Minister consults on open-ended investment companies
The Minister for Enterprise, Trade and Investment has pledged a commitment from his department to providing a modern financial services regulatory framework in Northern Ireland relevant to the needs of local investment firms and investors.
28 July 2014
£4m Investment In Parks Pays Off
A £4m investment in Dunville and Woodvale Parks is paying off not just for their users but also for Belfast City Council – after both won awards for excellence in the UK-wide Green Flags scheme.
09 May 2012
Invest NI's Overseas Trade & Investment Teams Visit West Belfast
Invest Northern Ireland's overseas trade and investment teams recently visited West Belfast as part of the organisation’s annual overseas sales conference.
11 March 2011
Rugby, GAA And Soccer Score Funding
There has been mixed reactions to news of a massive post-budget injection of cash into NI's sporting facilities - although the news is very positive for the troubled construction sector.