21/01/2014

Invest NI Meets 4,000 Jobs Target

Invest Northern Ireland’s Jobs Fund has exceeded its Programme for Government target to create 4,000 jobs by March 2014.

The Jobs Fund was introduced in November 2011 with a target to create 4,000 jobs by March of this year and promote 6,300 jobs by March 2015.

Recent figures show that as of the end of December 2013, the Fund has promoted over 7,500 jobs and created over 4,177.

"The Jobs Fund has been instrumental in helping local companies create new jobs quickly," said Enterprise Minister Arlene Foster.

"This initiative was introduced by Invest NI when businesses were facing difficulties due to the economic downturn. The performance of the Jobs Fund speaks for itself in how it has clearly met the needs of businesses. Not only has it created new employment in Northern Ireland, but the Fund has also helped the 1,687 companies to win new business, reach new markets and grow."

The Jobs Fund includes a number of measures aimed at supporting the creation of jobs, including streamlined processes to help local businesses create jobs quickly, funding to support new business start-ups by those in Neighbourhood Renewal Areas (NRA), those Not in Employment, Education or Training (NEET) and by social enterprises.

(IT/MH)

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