| 12.8°C Belfast

Close

Premium


John Simpson

Recovery is going to be a tough test for Invest NI boss

John Simpson



Close

New chief executive of Invest NI Kevin Holland faces challenging times

New chief executive of Invest NI Kevin Holland faces challenging times

New chief executive of Invest NI Kevin Holland faces challenging times

Kevin Holland, recently appointed chief executive at Invest NI, is working on a package of recovery measures for local businesses. He is having a tough test of his ability to deal with unexpected economic developments since he took the job in autumn 2019.

As businesses developed last year there was evidence of growing success across many sectors in Northern Ireland. Less than six months later, Covid-19 has brought a major lockdown to parts of the economy, many jobs are furloughed, and international trade and travel reduced to uneconomic levels.

At Invest NI there is both an acknowledgement of the seriousness of the recession which has been caused and, in a constructive response, of the need to respond with appropriate advice and assistance to act in support of businesses as they tackle the changed market conditions. Help for firms to recover is being refined and improved even though, as the CEO has acknowledged, not every business will recover.