03/02/2014

Minister Launches NI Partnering For Growth

Enterprise, Trade and Investment Minister Arlene Foster launched an innovative strategy to secure the future prosperity of the Northern Ireland aerospace, defence, security and space sectors.

The document entitled Northern Ireland Partnering for Growth outlines plans to more than double revenues from the aerospace, defence, security and space sectors in Northern Ireland to over £2bn per year. In doing so, it is hoped that these high-value sectors will increase direct employment from 8,000 to 12,000 in the next decade.

Speaking at the official launch in Parliament Buildings, Arlene Foster said: "Northern Ireland aerospace, defence, security and space companies not only make an important contribution to the local economy, but they also ensure the UK remains Europe's number one aerospace manufacturer and second only to the US globally.

"The development of this strategy is the result of successful collaboration between industry and government to identify Northern Ireland's core industrial strengths and develop a strategic plan to maximise competitive advantage, boost jobs and increase trade opportunities.

"I welcome the emphasis that is being placed on skills development, supply chain excellence and research & development, as well as the extension of global reach. I have confidence that we will continue to make a vital contribution to sustaining UK aerospace’s position at the forefront of technology development and I look forward to seeing strong growth in the coming years."

The development of the strategy has been led by the Council of ADS Northern Ireland, the aerospace, defence, security and space trade organisation. It has been developed in close collaboration with Invest Northern Ireland, the Department of Enterprise, Trade and Investment and the Department for Employment and Learning.

(CD/JP)

Related Northern Ireland Business News Stories
Click here for the latest headlines.

09 July 2012
Washington State Firms Explore Mutual Business Development Opportunities With NI Companies
Invest Northern Ireland and Bombardier Aerospace Belfast recently hosted Governor Christine Gregoire of Washington State and a delegation of Washington State companies who visited Belfast as part of their programme covering the UK and Ireland.
24 January 2011
Hannahstown 'Villagers' Consult On Development
'Villagers' in part of west Belfast are to have a say on how their area is developed through a special consultation process to draft up a Village Plan.
20 June 2002
Economic development forum outline key priorities
A Framework Document launched today by the Economic Development Forum has outlined the key priorities to be addressed if Northern Ireland Economy is to be significantly strengthened by 2010.
17 September 2001
Campbell urges Assembly agreement for future strategy
Regional Development Minister Gregory Campbell has urged the Assembly to come to a swift decision regarding the future of the Regional Development Strategy so that implementation of the initiative can begin as soon as possible.
20 September 2012
WANdisco To Set Up Software Development Centre
Enterprise Minister Arlene Foster today announced that global software company WANdisco plc is to set up a software development centre in Belfast, creating 36 high quality jobs. WANdisco plc is a leading provider of global collaboration software to the software development industry.