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US investment mission postponed 'as direct result' of Brexit vote

Published 07/07/2016

Deputy First Minister Martin McGuinness said the planned visit by business executives had been delayed because of the Brexit vote
Deputy First Minister Martin McGuinness said the planned visit by business executives had been delayed because of the Brexit vote

A US investment mission to Northern Ireland postponed in the wake of the vote to leave the EU is set to go ahead next year, the region's US consulate has said.

Stormont Deputy First Minister Martin McGuinness said the planned visit by business executives in October had been delayed as a direct consequence of the Brexit vote.

The delegates considering Northern Ireland as a potential location for expanding their operations are involved in growth industries such as cyber-security and bio-medical sciences.

It is understood the uncertainty created by the vote was one of the factors that influenced the decision to postpone the mission.

Mr McGuinness, a Remain campaigner, said the move indicated a "considerable slowing up" of Northern Ireland's prospects of attracting foreign direct investment following the Brexit vote.

"Plans were in place for an economic mission of considerable size for October of this year and that was on the basis they hoped the vote on Brexit would be a remain vote," he said.

"Now since that is not the case I have been told yesterday at a meeting that that visit has now been postponed, directly as a result of the vote.

"That is of considerable concern."

A US Consulate spokesman in Belfast said: "We are strongly committed to bolstering two-way trade and investment with Northern Ireland.

"We anticipate that a US trade and investment delegation will visit Northern Ireland in the first half of 2017."

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