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.


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

20 January 2020
£15m Belfast Leisure Centre Officially Opens
The new £15 million Brook Leisure Centre in Belfast has officially opened its doors following a successful first month. Lord Mayor of Belfast, Councillor Daniel Baker visited the site on Friday, 17 January, to officially open the facility.
24 January 2020
NCA Secures Co Antrim Homes
An alleged loyalist paramilitary member, his partner and associates have agreed to pay £120,000 after accusations they had purchased homes with criminal assets.
21 January 2020
79% Young People 'Too Embarrassed' To Seek Mental Health Support
Four in five young people in Northern Ireland are too afraid or embarrassed to seek help for their mental health, a new report has found. A survey by the Integrated Education Fund revealed that 79% of respondents felt too ashamed to get support for their emotional well-being and mental health.
20 January 2004
Antrim Fujitsu facility wins major service contract
Antrim-based Fujitsu Telecommunications has won a major three-year contract to provide warranty, repair and refurbishment services to Lake Communications, a leading supplier of communications services to customers across the UK, Ireland, USA and Australia.
25 September 2008
Invest NI To Help Firms Weather Financial Storm
A 'lifeline' has been thrown to local NI companies facing a virtual financial storm. The NI Enterprise Minister Arlene Foster announced today that a £5 million boost to help Invest Northern Ireland's clients weather the economic slowdown was being introduced.