20/03/2003

Companies challenged to become record breakers

Top executives in Northern Ireland companies have been challenged by Prof. Fabian Monds, Invest NI Chairman, to help set a new record by pushing exports beyond the current £4 billion mark.

Prof. Monds, launching Invest NI’s new Trade Programme, said the agency aimed to achieve a 10% per annum growth in exports in its first Corporate Plan period for 2002-2005 by helping many more small to medium sized enterprises to secure significant business outside Northern Ireland.

Invest NI, he said, would help ambitious companies succeed overseas by providing more than 40 separate activities in the international marketplace over the next 12 months. Included in the programme are nine trade missions to markets in Europe, Scandinavia, the Middle East, South Asia and the Far East.

Speaking to over 100 exporters at the programme launch in the Waterfront Hall, Belfast, Prof. Monds said: “Export success drives economic growth as companies become more competitive, capable and innovative in international markets. Increased global sales, in turn, will mean a stronger, more dynamic and robust economy with greater opportunities for local people.

“To help companies succeed in a marketplace that is offering increasing opportunities through the removal of trade barriers and the growth of e-business but is also becoming intensely competitive, Invest NI has developed a portfolio of practical services.

“Our Principles for Business Support seek to help individual companies, first time exporters as well as those already successful in overseas markets, to achieve sustainable growth through customised business solutions that assist them to enhance capability in exporting, “ he added.

During its first year of operations, Prof Monds said, Invest NI had committed itself to “improving economic development support for companies by putting in place a new development model focused on stimulating and supporting higher levels of entrepreneurial and innovative activity within our economy”.

“Helping companies succeed in export markets is one of our key priorities," he concluded.

(MB)

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