Belfast 'Village' Boosts Economy

The newly-built Social Economy Village in west Belfast can help to stimulate economic growth in the local area.

That was the message from NI Enterprise Minister, Arlene Foster, as she welcomed the official opening of the new 13,200 square foot development in west Belfast, today.

The Social Economy Village was developed by Work West at a total cost of £1,385,876. The Department of Enterprise, Trade and Investment (DETI) provided support to the project with EU Peace and Reconciliation (Peace II) assistance of £496,959. Significant funding of £493,959 was also secured from the International Fund for Ireland (IFI).

The Minister said: "The creation of six new workspace units at the Social Economy Village has the potential to create up to 36 jobs.

"It can also help encourage local entrepreneurship and stimulate economic growth in the local area," she said, noting this social enterprise development and its associated job creation opportunities are a welcome and encouraging boost.

The workspace development, off the Glen Road in west Belfast, is one of over 40 projects across Northern Ireland.


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

12 December 2012
Minister Launches £415,000 Lisburn Enterprise Project
Northern Ireland’s Social Development Minister has launched a new £415,000 social enterprise project at Resurgam Trust in Lisburn Nelson McCausland launched the project, which will see Resurgam establish up to four new social economy businesses in the Lisburn area.
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.
25 July 2001
Empey launches report on Social Economy Programme
Minister for Enterprise Trade and Investment, Sir Reg Empey, visited the Village area of south west Belfast on Wednesday to launch a report on the Social Economy Programme which has been delivered by the Greater Village Regeneration Trust.
18 November 2010
Andytown Police Site Competition Launched
An international design competition for the former site of the Andersonstown PSNI station has been launched, Social Development Minister Alex Attwood has announced that the Department for Social Development (DSD), working with the West Belfast Partnership Board and PLACE, the Centre for Architecture and the Built Environment, have invited expressio
30 August 2012
New Social Enterprise Schemes Launched
Enterprise Minister Arlene Foster has announced plans by Accept Care Social Firms Ltd in Bangor to establish three new social enterprises, creating 23 new jobs in Northern Ireland's social economy sector. Two new Daisies Cafés will be established in Belfast and Lurgan as part of this expansion, creating 11 new jobs.