Draperstown Gets Workspace Boost

A new workspace development in Draperstown could create up to 35 jobs and help to stimulate economic growth in the local area.

That was the message from Stormont Enterprise Minister, Arlene Foster, (pictured) when she officially opened the 8,500 square foot development, this week.

"The creation of these nine new workspace units provides the potential for 35 new jobs and allows Workspace Draperstown to continue its support for local enterprise in the area," she commented.

"Such workspace developments are an example of the important contribution that European funding makes to the economic regeneration of communities across Northern Ireland."

The Minister also stressed the need for the continued growth and success of local businesses, particularly during the current economic downturn: "Encouraging the growth and development of local businesses is a key element in maintaining a sustainable economic future for Northern Ireland.

"While there is no quick fix to the global economic recession, the measures currently being put in place will take time to have an effect.

"It is my firm belief that workspace developments such as this in Draperstown, provide the facilities that local entrepreneurs need to start or grow their enterprises.

"It is vital that businesses receive support now so they can position themselves effectively to take advantage of the upturn when it comes," she continued.

The workspace units have been developed by Workspace (Draperstown) Ltd at a total cost of £752,989.

The Department of Enterprise, Trade and Investment (DETI) provided support to the project with EU Peace and Reconciliation (Peace II) assistance of £300,000. Significant funding of £250,000 was also secured from the International Fund for Ireland (IFI).

Speaking at the official opening, Chairman of the International Fund for Ireland, Denis Rooney CBE, said: "I am delighted to be here to celebrate the completion of this project which I have no doubt will have a very positive impact on the village of Draperstown and its further economic development."

Also commenting, the Workspace Chief Executive, Brian Murray said: "These businesses are also exporting products and providing work in export markets, which is of great benefit."

(BMcC/KMcA)