Belfast Telegraph

Saturday 20 December 2014

Republic backs corporate tax rate cut for Northern Ireland

Business News - In Brief

The Irish government has thrown its weight behind the campaign to reduce the business tax rate in Northern Ireland.

The Republic's finance minster Michael Noonan said a more favourable tax regime north of the border would be of benefit to both regions and help attract overseas investment.

He praised the work of |Invest NI in attracting global companies to Northern Ireland but said his own investment agency, the Irish Development Agency, was well aware the |role the Republic's 12.5% |corporation tax played in |providing a carrot to international investors.

Capita’s Antrim IT firm in running for award

CAPITA Managed IT Solutions in Co Antrim has been shortlisted in the British Computer Society (BCS) & Computing Magazine’s UK IT Industry Awards in the category of |Organisational Excellence (Large Supplier).

The Newtownabbey-based firm — known as Northgate Managed Services before it |was taken over by Capita |earlier this year — said the shortlisting recognised “the |significant development and deployment of innovative IT systems that improve business operations or enhance public services”.

ProAx-SiS medical test kits share £25k prize

A company from Queen's University, which has developed a range of medical diagnostic test kits, has scooped a share of a £25,000 prize in a Dragons’ Den-style competition.

The tests being developed by ProAx-SiS will enable routine monitoring of patients with chronic conditions such as |cystic fibrosis, either within a clinic or at home.  The product scooped the top prize at the

Northern Ireland Science Park's £25,000 Awards ceremony held at Titanic Belfast.

The Queen's team came out on top after 20 teams gave a ‘quick pitch' back in May to a panel of 16 experts and entrepreneurs from science, law and banking.

Dog Ears in spotlight with Hollywood star

A Londonderry company is among the creators of a new children's show featuring the dulcet tones of latest Irish Hollywood favourite Chris O'Dowd.

O'Dowd, star of Bridesmaids, Moone Boy and The IT Crowd, narrates Puffin Rock which will come to TV screens through Nick Jnr and RTE Jr in 2015.

Derry's children's media |company Dog Ears has joined the team behind the new |animated show alongside Oscar-nominated Irish animation studio Cartoon Saloon |and global publisher Penguin.

‘Desirable’ apartments in social housing sale

The Republic's bad bank Nama has authorised the sale for social housing of apartments in Belfast city centre marketed in the boom as the ‘epitome of desirable’ apartment dwelling.

Nama, set up to cleanse the Irish banking system of toxic loans on property — some |£3bn of which relate to Northern Ireland — has confirmed three major sell-offs of properties on its books to housing |associations.

On a visit to Belfast this summer, Nama chairman Frank Daly said asset sales would contribute to social housing where “commercially feasible”.

New restaurants on the menu for Belfast

Epicures could be in for some exciting new menus with news that three restaurants are set |to open in Belfast city centre.

Workmen are fitting out a new restaurant at 46-50 Howard Street, in a unit formerly occupied by high-end menswear store, The Bureau.

It's understood the new eatery will be known as Flame, although it's not clear when it will open.

NI home to key global aerospace suppliers

Northern Ireland is home to four of the top 100 aerospace and defence suppliers in the world, according to a new |report.

Supply chain companies here also make products for some of the biggest names on the list.

The Top 100 Aerospace |Company poll from business advisory firm PricewaterhouseCoopers (PwC) shows that measured by annual sales, Bombardier ranks 16th, |followed by Thales at number 18, with B/E Aerospace and Magellan Aerospace ranked 44th and 80th, respectively.

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