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Trade and Investment www.investni.com The Trade and Investment Opportunity in Northern Ireland.

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Presentation on theme: "Trade and Investment www.investni.com The Trade and Investment Opportunity in Northern Ireland."— Presentation transcript:

1 Trade and Investment www.investni.com The Trade and Investment Opportunity in Northern Ireland

2 Trade and Investment www.investni.com Northern Ireland - key facts Population 1.81 million –Fastest growing population in the UK –One of Europe’s youngest populations 60% under the age of 40 Travel to work population –Belfast 700,000+ –Londonderry 300,000+ Small business economy Regional economy focused on: –Increasing the private sector and reducing our over dependence on the public sector –Creating employment opportunities and increasing exports –Increasing the levels of investment in research and development

3 Trade and Investment www.investni.com Northern Ireland at a glance Unemployment 7.8% (Aug-Oct 2012) Academic results for NI school leavers more than 10% above the UK national average 75% of school leavers undertake Further & Higher Education 2 world class universities: Queen’s University Belfast & the University of Ulster 6 colleges of further education - 153,000 students Strong multi lingual capability Resilient physical & telecommunications infrastructure

4 Trade and Investment www.investni.com NI devolved government

5 Trade and Investment www.investni.com Programme for Government 2011-2015 targets “Growing a sustainable economy and investing in the future” 25,000 new jobs £1bn investment Visitor numbers to 4.2m Support young people into employment Increase manufacturing exports by 20%

6 Trade and Investment www.investni.com Northern Ireland business facts An SME dominated economy 98% of businesses employ fewer than 50 people and employ over 500,000 5% of businesses account for 90% of exports Around 60% of Northern Ireland’s exports are sold to European Union countries. Over 60% of all the innovation in business comes from small and medium companies. Key Export Sectors% Food, Beverages & Tobacco 19.8% Transport Equipment 18.9% Electrical Equipment12.3% Computer, Electronic & Optical 10.9% Machinery & Equipment (non classified) 8.3% Chemicals & Chemical Products 6.2% Other23.6%

7 Trade and Investment www.investni.com NI is well connected to Ireland, GB and beyond Physical Infrastructure (Air, Road, Rail) 100 flights a day to GB Daily direct flight to New York 30 direct connections to Europe Dublin Airport services over 165 scheduled including 70 daily direct flights to GB and is just 90 minutes from Belfast by car Excellent rail and road connections from Belfast to Dublin IFSC

8 Trade and Investment www.investni.com A direct link to North America & Europe – resilient connectivity with multiple routings Unaffected by disruptions to telecoms in London or Dublin – gives a higher level of security potential than other GB sites Solution for disaster recovery and business continuity for international companies Performance guaranteed Broadband products prices 20% less than Manchester, Glasgow & Dublin until 2018+ New 40-gigabite per second transatlantic and terrestrial communications link - making distance invisible Direct transatlantic link to N America & Europe

9 Trade and Investment www.investni.com NI students consistently out-perform other UK regions in high school exams by more than 10% World renowned universities, working closely with industry to develop specific curricula: Queen’s University Belfast – Member of the Russell Group University of Ulster – Awarded ‘Excellent’ (perfect score) by HE Quality Assurance Agency Six major FE Colleges – specialising in vocational education Developing a highly educated workforce “We need hired heads, not hired hands in our workforce.” (Bro McFerran, MD Allstate) Leadership & Management Stimulating and engaging with industry to transform leadership and management capability within Northern Ireland companies - New support framework and link to productivity. Assured Skills Delivers scalable and sustainable future skills Offers employees Ready Day One through customised skills support from local infrastructure. Suitable for both inward investors and local business. Continuous Talent Software Professional Course Summer Camp for 14-16 yr olds Santander School Leaver Programme The Academy of Finance (BMC) Promotion of IAQ training First Derivatives Options Programme

10 Trade and Investment www.investni.com Northern Ireland economic performance (2007-11) Over £3bn total investment 25 600 Jobs and 11,000 business starts Every £1 in support resulted in over £5 investment Over £2m invested every day in the local economy Belfast now has the 3rd highest level of GVA in the UK, behind only London and Edinburgh Belfast is the UK's most attractive city for FDI after London 42% increase in people employed in R&D £613m in additional salaries

11 Trade and Investment www.investni.com Future focus R&D, Innovation and creativity Business Growth Skills Employment Infrastructure Globalisation Key Drivers Key Sectors Technology & Creative Financial Services Business Services Renewables Mobile Telecoms Security E-Health Digital Content Information Management Creative Industries Risk, Actuarial IT Operations Contact Centres Legal and Compliance Shared Services Offshore Wind and Marine Supply Chain Development

12 Trade and Investment www.investni.com Northern Ireland – Key Sectors Aerospace Creative Industries Digital Media Construction Materials Handling Food & Drink ICT Life Sciences Professional Services Renewables Environmental Securities and Defence

13 Trade and Investment www.investni.com Business Support CBI Institute of Directors Sector bodies Federation of Small Businesses Invest NI Local Councils Cross border agencies Membership organisations Chamber of Commerce CBI Sector bodies Federation of Small businesses Institute of Directors Invest NI Local Councils Cross Border Agencies Government organisations Membership organisations Lobbying Support

14 Trade and Investment www.investni.com Be an effective and efficient delivery body for economic development strategies in the Programme for Government. Integrated offering of financial, capability development and advisory solutions with offices across Northern Ireland and over 13 international locations. Client Teams structured by industry sector and supported by specialists in a wide range of business disciplines. Annual budget of c£150m to invest with businesses in Northern Ireland. Invest NI’s role

15 Trade and Investment www.investni.com 15

16 Heartsine Trade Andor Wrightbus APT Seagate Huddleston Engineering BE Aerospace Material Handling Equipment Randox H&W Bombardier

17 Trade and Investment www.investni.com Opportunity identification Product / service enhancement Skills enhancement Opportunity exploitation New exporter New product New market Export Success Cycle

18 Trade and Investment www.investni.com Some of our investors

19 Trade and Investment www.investni.com

20 Trade and Investment www.investni.com Thank You


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