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Foreign investment projects rise by 41% in Northern Ireland | Foreign investment projects rise by 41% in Northern Ireland |
(about 1 hour later) | |
A new report has highlighted a "significant" increase in the number of foreign investment projects in Northern Ireland last year, | A new report has highlighted a "significant" increase in the number of foreign investment projects in Northern Ireland last year, |
However, the region trails Scotland and Wales in foreign investment. | However, the region trails Scotland and Wales in foreign investment. |
The annual report from UK Trade and Investment showed Northern Ireland benefited from 38 projects, compared to 27 the previous year - a 41% uplift. | The annual report from UK Trade and Investment showed Northern Ireland benefited from 38 projects, compared to 27 the previous year - a 41% uplift. |
Scotland attracted 111 projects last year (up 16%), while Wales secured 67 projects (up 191%). | Scotland attracted 111 projects last year (up 16%), while Wales secured 67 projects (up 191%). |
According to the government, the UK as a whole is strengthening its position as a top destination for foreign direct investment. | According to the government, the UK as a whole is strengthening its position as a top destination for foreign direct investment. |
NI Economy Minister Arlene Foster said: "It is welcome news, particularly when global markets continue to be highly competitive. | |
"Clearly, Northern Ireland is continuing to build on its reputation for excellence in a number of key sectors, including legal services, financial service and information technology." | "Clearly, Northern Ireland is continuing to build on its reputation for excellence in a number of key sectors, including legal services, financial service and information technology." |
Earlier this year, Invest NI said it had promoted more than 2,000 jobs by foreign companies in the 12 months to April 2013. | Earlier this year, Invest NI said it had promoted more than 2,000 jobs by foreign companies in the 12 months to April 2013. |