Belfast Telegraph

Friday 19 December 2014

Invest NI promotes 4,293 posts in a year as £616m pumped into Belfast's super council area

Moira Loughran, Invest NI's eastern regional manager
Moira Loughran, Invest NI's eastern regional manager

Economic development agency Invest NI says it has promoted over 4,000 new jobs in the new Belfast super council area in the past year.

Financial support from the body has leveraged total investment in the Belfast area of £616m, according to new figures. The new area will include all of the current Belfast City Council wards plus parts of Castlereagh, Lisburn and North Down.

New reporting measures have also revealed that 5,528 new jobs have been created in total in the Belfast area in the last three years

Invest NI said its support in 2013-14 has promoted 4,293 new jobs, with offers increasing by 12%, assistance by 170% and investment by 184% on the year before.

Total jobs promoted increased by 115% over the 12 months, 67% of which last year were within foreign direct investors like EY, Concentrix and Novosco choosing to locate or expand their operations in the wider council area.

Entrepreneurial activity continued to strengthen and 283 jobs were promoted through the Regional Start Initiative.

Invest NI said at the unveiling of its annual results in May that money for "promoted" jobs would not be paid over until posts were filled.

Moira Loughran, Invest NI's eastern regional manager, said the agency's support for new and existing companies was making a significant contribution to the economy. She added that Invest NI is the first development agency in the UK or Republic of Ireland to enable accurate reporting of the actual number of jobs created as a direct result of the projects which it has assisted.

"We now have the ability to analyse all offers of financial support which were 'live' at the beginning of our corporate plan period of 2011-12 and extracted job creation against these offers," she said.

"This shows that 5,528 new jobs have been created in total in the Belfast area in the last three years."

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