Belfast Telegraph

UK Website Of The Year

Empty: No takers for space in Invest NI's £5m business park after three years

By John Mulgrew

Published 04/08/2016

The 43-acre Strabane business park was bought for more than £3m, with a further £2.7m spent on redevelopment
The 43-acre Strabane business park was bought for more than £3m, with a further £2.7m spent on redevelopment

Invest NI spent millions on a Co Tyrone business park which has yet to attract any companies or jobs.

The 43-acre Strabane business park was bought for more than £3m, with a further £2.7m spent on redevelopment. But in the three years since it was purchased, it has yet to attract any companies or investment.

An Invest NI spokeswoman said since opening in 2013, the site had "received expressions of interest from 12 businesses about locating there".

"We are currently engaged in discussions with six businesses and will continue to pursue these and any future suitable property interests," she said.

"A company's investment within the business park is largely dependent on it securing the necessary funding to purchase a serviced site, develop their facility and achieve relevant statutory approvals such as planning permission, all of which can take some time and are outside Invest NI's control.

"We continue to engage with relevant stakeholders over the park's promotion as an investment location."

It comes after it was revealed in 2013 that Invest NI had spent £12m for five vacant sites, including the park in Strabane.

Belfast Telegraph

Your Comments

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? customercare@belfasttelegraph.co.uk

Read More

From Belfast Telegraph