Minister outlines new economic vision for NI

Enterprise Minister Barry Gardiner today unveiled the new ‘Economic Vision for Northern Ireland’ publication.

The document sets out a vision for Northern Ireland’s economy for the next decade which builds on the success of the economy over the last decade and confirms Government’s commitment to “establishing Northern Ireland as one of the most competitive and productive UK and international regions”.

“It recognises our competitive advantages and places the economy at the heart of Northern Ireland’s future, with greater wealth creation and better employment opportunities the ultimate goals,” the Minister said.

“This is not just Government’s Vision. The key stakeholders in the future of Northern Ireland’s economy - business, the trades unions, academia, voluntary/community bodies and the political parties have all played a close and vital part in shaping this document.”

The Economic Vision identifies four key drivers of improved economic performance: innovation, enterprise, skills and infrastructure. It contains two overall measurements of success: increasing the level of Northern Ireland’s productivity through the measurement of GVA (Gross Value Added) per hour worked and increasing the percentage of the working age population who are economically active.

The draft Economic Vision was published on 12 October 2004, alongside the 2005 – 2008 Draft Priorities and Budget.


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

30 November 2004
Minister appeals for views on NI Economic Vision
The Enterprise Minister has urged all parties with an interest in the future of the economy to respond to the consultation on the draft Economic Vision for Northern Ireland.
26 January 2007
Minister unveils plan to transform NI economy
The Finance Minister David Hanson has today launched the Northern Ireland Regional Economic Strategy for public consultation.
20 September 2002
Sustainable development does not mean 'sacrificing economic progress'
Recognising the importance of sustainable development does not mean sacrificing economic progress, the First and Deputy First Ministers said today.
13 January 2004
NI Economic Research Institute swings into operation
The new Economic Research Institute will play an important role in contributing to economic debate and understanding in Northern Ireland and in the development of the local economy", according to Ian Pearson Parliamentary Under-Secretary of State.
19 September 2005
Violence threatens NI's economic potential
Scenes of violence and destruction in and around Belfast are viewed as a major setback the bid to achieve the full economic potential for Northern Ireland. That was the message from the Economic Development Forum, which met recently to discuss progress on meeting the major challenges facing the economy.