29/08/2008

Targets Achieved Says Invest NI

Invest NI has met or exceeded substantially all of its targets, and continues to witness high levels of interest in the 'product offerings' and its range of support programmes.

According to the 2007-08 'Invest NI Annual Report and Accounts for Invest Northern Ireland' published this week, "Invest NI continued to deliver".

Stephen Kingon, Chairman of Invest NI, said: "Invest NI continued to deliver high private-sector investment commitments to strong projects, as our clients displayed increasing ambition to achieve the scale necessary to compete effectively in global markets, despite some challenging economic conditions."

Outgoing Chief Executive of Invest NI Leslie Morrison, said: "The results presented in this report reflect not only increasing ambition on the part of our clients, but also increasing proactivity by Invest NI.
News Image
"Overall, we have met or exceeded substantially all of our Operating Plan targets, and continue to witness high levels of interest in our product offerings and range of support programmes.

"Each £1 we offered last year to support our clients' growth ambitions, will result in £6 of planned investment and our activities have levered a total of £689 million of investment commitments by our clients.

"As has historically been so, the majority of our offers were to locally-owned small and medium-sized businesses, either existing or new starts," said the agency boss, who retires next year.

"It is clear that, in the current weakening economic cycle, there will be challenges ahead for many of our clients.

"To ensure that they are best placed to respond, we are preparing a number of actions and new initiatives, to assist our clients, particularly SMEs, to increase their competitiveness and identify new opportunities," he concluded.

(BMcC)

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

11 March 2020
New Belfast-Liverpool Ferry Launches
In a week full of bad news for NI-UK connectivity, Stena Line has set out to redefine ferry travel on the Irish Sea with a new state-of-the-art ship. The biggest ferry to ever sail the Belfast to Liverpool route, the Stena Edda embarked on its maiden voyage from Merseyside to Belfast on Monday evening.
10 March 2020
Covid-19: Four New NI Cases
Four new coronavirus cases have been confirmed in Northern Ireland. The Department of Health said the presumed positive cases are all adults. One individual had recently travelled from northern Italy while three others can be traced to previously reported cases of those who recently visited the region.
12 March 2020
Benefit Payments Will Continue During Self-Isolation
Benefit claimants have been reassured that their payments will not be affected by self-isolation due to Covid-19. The Department for Communities clarified the situation via a statement on Wednesday. Anyone unable to attend an appointment at their Jobs and Benefits office or medical assessment centre is advised to let officials know immediately.
23 March 2020
NI Hospice Chief In Call For Vital Supplies
The Northern Ireland Hospice is demanding intervention by the Northern Ireland Executive to ensure provision of vital supplies for palliative care services. Hospice chief Heather Weir said they are facing difficulties accessing protective equipment for both the Adult and Children's Hospice.
18 March 2020
SDLP Demands Clarity For Farmers
An SDLP MLA has demanded financial clarity for farmers across Northern Ireland. Mid Ulster representative Patsy McGlone addressed the NI Assembly at Stormont on Monday 16 March, calling for action on what direct payments will be made available post-Brexit.