1. Sharon Polson Invest Northern Ireland 16 TH October 2012 STEPS TO SUCCESS

2. Outline Economic Context -Rationale for the introduction of The Jobs Fund The Jobs Fund (Invest NI) Boosting Business

3. The primary purpose of this Priority is to achieve long term economic growth by improving competitiveness and building a larger and more export-driven private sector. To do this we must rebuild the labour market in the wake of the global economic downturn and rebalance the economy to improve the wealth and living standards of everyone. Promoting Employment & Employability  This means: - More jobs -More people in work -Business Growth Priority 1: Growing a Sustainable Economy and Investing in the Future

4. The Jobs Fund Measures 2011-2015 MeasurePromoted Jobs 2011-15Created Jobs 2011-14 1.Grant for Business Starts in Neighbourhood Renewal Areas (NR) 1,500 2.Increased Support for Social Enterprise 340 3.Grant for Business Start to Young People Not in employment, education or training (NEETS) 280 4. Business Growth Programme (Export Starts, Global Starts & Existing Businesses) 150 5. Jobs Fund SFA employment grant support across a range of sectors including Contact Centres, Food Processing and Knowledge Process Outsourcing 4,0301,730 6. Employer Subsidy (DEL) Total Budget £18.83m6,3004,000

5. Business Incentive Grant £1,000 Confirmation of Business Start Up Jobs update: Jobs promoted 278 Jobs created 241 NRA

6. Business Incentive Grant £1,500 Confirmation of Business Start Up Jobs Update: Jobs promoted 143 Jobs created 121 NEET

7. Contract awarded – 8 October 2012 All 5 Regional Contracts won by ENI Targets BPAs Year 13,200 Year 23,300 NEETYear 1100 Year 2125 NRAYear 1735 Year 2735 Regional Start Initiative

8. Breakdown by Contract Areas Total BPAsGeneral BPAsNRANEETs ERO98155140030 NERO3893433412 NWRO48330915816 WRO7176554022 SRO63050710320 Total32002365735100

9. Invest Northern Ireland’s Social Entrepreneurship Programme The Jobs Fund Social Economy

10. 1)Invest NI has reviewed existing products and services to see if, and how, we can make them either available to a wider business base, or make them easier for businesses to benefit from. 2)We have considered what new products or services we may be able to introduce to help business. 3)Actions which can be quickly implemented have been pulled together under a number of themes: –Boosting Business Through Jobs –Boosting Business Through Exporting –Boosting Business Through Research and Development –Boosting Business Through New Technology –Boosting Business Through Skills Media Campaign launched 14 th November – TV, Radio, Press, SMS, Online, Outdoor “Boosting Business” - Invest NI response to ongoing downturn