10/08/2016

Economy Minister Wants To Transform NI Into Globally Competitive Economy

Economy Minister Simon Hamilton has said that he wants to transform Northern Ireland into a globally competitive economy.

The Minister made the comments during a visit to Moore Concrete Products Ltd in Ballymena.

Established in 1978, Moore Concrete Products Ltd is a manufacturer of specialist pre-cast concrete products for the building, civil engineering and agricultural markets.

Speaking as he met management and staff at the factory, Minister Hamilton said: "It is a pleasure to visit Moore Concrete Ltd, an award winning company that has been manufacturing in the Ballymena area for almost 40 years. Companies like Moore Concrete are at the heart of the Northern Ireland economy driving job creation as well as making a significant contribution to export levels.
News Image
"I want to transform Northern Ireland into a globally competitive economy. The new Programme for Government framework contains a set of outcomes which reflect our ambitions to grow the economy and improve our economic competitiveness. A refocused economic strategy will further support and reflect our ambition to rebalance the local economy."

Minister Hamilton added that the reduction of Corporation Tax to 12.5% from 2018 will be a "powerful lever that can stimulate economic prosperity".

"It is important that we continue with this work in preparation for this important change and to maximise the opportunity that a lower Corporation Tax rate will bring," he added. "Skills development is perhaps the single most important building block for constructing a globally competitive economy. Firms like Moore Concrete demonstrate that ongoing skills development are an elevator to economic prosperity and social inclusion and I am determined that we continue to build upon the progress already made and use skills to change lives and transform our economy."

(MH)

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

07 August 2001
Empey highlights importance of enterprise economy
Minister for Enterprise, Sir Reg Empey, has highlighted the importance of an enterprise economy at the official opening of an extension to a concrete plant in Ballymena.
03 March 2020
Economy Minister Warned Of Pressures Facing Retailers
Retail leaders have delivered a message of concern that small businesses are facing a perfect storm of additional costs next month to Northern Ireland's Economy Minister Diane Dodds.
10 November 2004
Creativity gives economy competitive edge
Creativity gives economy competitive edgeCreative industries make a significant contribution to the Northern Ireland economy, providing 9,000 jobs and generating £900 million each year, Culture, Arts and Leisure Minister, Angela Smith, said today.
20 October 2009
Hospital Building Work Boosts Economy
The construction of the new, state of the art £270m acute hospital near Enniskillen, is estimated to sustain as many as 850 jobs on site of which 200 will be 'new' by the time it opens in 2012.
07 April 2016
Free Workshops Established To Help Entrepreneurs
Belfast City Council has established a number of free workshops in the city to support entrepreneurs. The workshops are part of the Start by Doing enterprise initiative. The 'Create' workshop will focus on product design and development and will be held in FabLab in the Ashton Centre, north Belfast.