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Northern Ireland encourages inward investment

A seminar to boost foreign investment in Northern Ireland has been co-chaired in London by the Secretary of State for Northern Ireland and the country's Minister for Enterprise, Trade and Investment.

The seminar was held at London's Lancaster House on 7 November and follows a conference at Titanic Belfast in October, which the Prime Minister David Cameron attended. Northern Ireland is now second only to London as the UK's top destination for inward investment, with some 800 foreign investors.

The benefits of investing in Northern Ireland were put to the attendees:

  • Talented and skilled people - 4,000 business and technology graduates annually
  • Competitive operating costs - significantly lower than the rest of the UK and Europe
  • Sector strengths - world-class companies in aerospace, engineering and life sciences
  • University and business linkages - globally-recognised research centres
  • Financial assistance and support - dedicated agency providing ongoing support to investors
  • Investor success - nearly 75 per cent of investors have reinvested or are planning to.

Ambassadors and senior diplomats from 16 countries and regions were in attendance and they will each now be invited to lead a business delegation to Northern Ireland in the coming year.

Arlene Foster, Northern Ireland's Minister for Enterprise, Trade and Investment, said: "Events such as this provide opportunities to highlight what we have to offer in the hope that it will not only encourage people to visit Northern Ireland but to invest here."