Menu
12/06/2008
Craigavon Investment Boosted
A £1 million investment which will open up additional industrial land for potential investors in the Craigavon area has been announced by Invest Northern Ireland.
Three Invest NI business parks in the region will benefit from the fillip which will facilitate the upgrade of site facilities as well as improve the existing roads and access infrastructure.
The investment comes following an increase in demand from client companies for suitable industrial land to support business growth in the Craigavon region.
The three locations in Craigavon that will benefit are Invest NI's Charlestown Road Business Park, and the Mandeville and Halfpenny Valley Industrial Estates.
Colin Lewis, Managing Director of Corporate Services at Invest NI said: "As we work to secure and support investment by both locally-owned and externally-owned client companies, we must ensure that we have serviced sites available for immediate use so investment opportunities are not lost and business growth can be supported.
"Both our Charlestown and Halfpenny Valley sites have proven to be attractive options for our client companies. Our investment will open up additional lands at both locations so companies with a clear and immediate business need do not experience any delay in implementing their growth plans.
"In addition, we have lodged planning applications to begin initial infrastructure works on the land we have held as a strategic reserve at Mandeville.
"The work planned for Mandeville will form a significant part of the investment project which will initially provide 27 acres of land for client companies that need a suitable location on which to build a new business facility. A further 70 acres at the same site will be retained for future development purposes," he said.
Welcoming the announcement, the newly elected Mayor of Craigavon, Alderman Sidney Anderson said: "This is a very positive step for Craigavon and economic development in the area. Invest NI is clearly working to ensure that the infrastructure needed to attract and retain valuable investment opportunities is in place for the benefit of the local area and the entire NI economy."
(BMcC)
Three Invest NI business parks in the region will benefit from the fillip which will facilitate the upgrade of site facilities as well as improve the existing roads and access infrastructure.
The investment comes following an increase in demand from client companies for suitable industrial land to support business growth in the Craigavon region.
The three locations in Craigavon that will benefit are Invest NI's Charlestown Road Business Park, and the Mandeville and Halfpenny Valley Industrial Estates.
Colin Lewis, Managing Director of Corporate Services at Invest NI said: "As we work to secure and support investment by both locally-owned and externally-owned client companies, we must ensure that we have serviced sites available for immediate use so investment opportunities are not lost and business growth can be supported.
"Both our Charlestown and Halfpenny Valley sites have proven to be attractive options for our client companies. Our investment will open up additional lands at both locations so companies with a clear and immediate business need do not experience any delay in implementing their growth plans.
"In addition, we have lodged planning applications to begin initial infrastructure works on the land we have held as a strategic reserve at Mandeville.
"The work planned for Mandeville will form a significant part of the investment project which will initially provide 27 acres of land for client companies that need a suitable location on which to build a new business facility. A further 70 acres at the same site will be retained for future development purposes," he said.
Welcoming the announcement, the newly elected Mayor of Craigavon, Alderman Sidney Anderson said: "This is a very positive step for Craigavon and economic development in the area. Invest NI is clearly working to ensure that the infrastructure needed to attract and retain valuable investment opportunities is in place for the benefit of the local area and the entire NI economy."
(BMcC)
Related Northern Ireland News Stories
Click here for the latest headlines.
09 December 2013
Community Projects Receive £1.1m
A total of 16 community groups across Belfast have received total funding of just over £1.1m from City Council. The funding boost is being delivered through the £5m Local Investment Fund (LIF), which is part of the council's wider Investment Programme for the city. The move brings the overall amount allocated through the fund to over £2.
Community Projects Receive £1.1m
A total of 16 community groups across Belfast have received total funding of just over £1.1m from City Council. The funding boost is being delivered through the £5m Local Investment Fund (LIF), which is part of the council's wider Investment Programme for the city. The move brings the overall amount allocated through the fund to over £2.
16 May 2013
£1.25m For Belfast Community Projects
20 community regeneration projects across Belfast have received funding totalling £1.25m from the City Council. The funding is part of £5m set aside for the Local Investment Fund (LIF). Just under £1.3m is earmarked each to the North, South, East and West of the city and a further £490,000 allocated for the Shankill area.
£1.25m For Belfast Community Projects
20 community regeneration projects across Belfast have received funding totalling £1.25m from the City Council. The funding is part of £5m set aside for the Local Investment Fund (LIF). Just under £1.3m is earmarked each to the North, South, East and West of the city and a further £490,000 allocated for the Shankill area.
05 November 2024
Economy Minister Seeks Clarity On Go Succeed Initiative
Economy Minister, Conor Murphy, has said that he is seeking clarity on the continued support of the Go Succeed service. Go Succeed is the council led business start-up service for the north of Ireland and is majority funded by the UK Shared Prosperity Fund (UKSPF).
Economy Minister Seeks Clarity On Go Succeed Initiative
Economy Minister, Conor Murphy, has said that he is seeking clarity on the continued support of the Go Succeed service. Go Succeed is the council led business start-up service for the north of Ireland and is majority funded by the UK Shared Prosperity Fund (UKSPF).
17 June 2003
Invest NI reveals £600m commitment in past year
During 2002/3, Invest NI gained commitments from client companies, universities and other economic bodies to spend over £600m across a range of activities. Invest NI contributed towards these investments by offering £138m in finance, advice and other support programmes.
Invest NI reveals £600m commitment in past year
During 2002/3, Invest NI gained commitments from client companies, universities and other economic bodies to spend over £600m across a range of activities. Invest NI contributed towards these investments by offering £138m in finance, advice and other support programmes.
22 November 2023
Chancellor Announces 'Biggest Tax Cut On Work Since The 1980s'
Chancellor Jeremy Hunt has announced "the biggest tax cut on work since the 1980s" in his 'Autumn Statement for Growth' today, Wednesday 22 November.
Chancellor Announces 'Biggest Tax Cut On Work Since The 1980s'
Chancellor Jeremy Hunt has announced "the biggest tax cut on work since the 1980s" in his 'Autumn Statement for Growth' today, Wednesday 22 November.
-
Northern Ireland WeatherToday:Staying cold. Any freezing fog that has formed overnight will slowly thin and disperse during the morning. Otherwise dry and bright much of the day with perhaps the odd coastal shower in the north and east. Maximum temperature 4 °C.Tonight:Dry at first with cloud thickening from the south through the evening. The odd shower, wintry over high ground, over northern counties, becoming more persistent rain over Down and Antrim. Minimum temperature 0 °C.
