28/02/2005

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.

(MB/SP)

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