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Coleraine to get Northern Ireland's first enterprise zone | Coleraine to get Northern Ireland's first enterprise zone |
(about 1 hour later) | |
Chancellor George Osborne has announced the creation of Northern Ireland's first enterprise zone in Coleraine, County Londonderry. | Chancellor George Osborne has announced the creation of Northern Ireland's first enterprise zone in Coleraine, County Londonderry. |
The zone will be built at a site close to the University of Ulster. | The zone will be built at a site close to the University of Ulster. |
IT company 5Nines have previously announced a £20m data centre for the site. | IT company 5Nines have previously announced a £20m data centre for the site. |
Enterprise zones already exist elsewhere in the UK and offer hi-tech businesses tax incentives and simplified planning procedures. | Enterprise zones already exist elsewhere in the UK and offer hi-tech businesses tax incentives and simplified planning procedures. |
The mayor of Coleraine, David Harding, said: "The chancellor's announcement of an enterprise zone in Coleraine is very welcome good news for the local economy. | The mayor of Coleraine, David Harding, said: "The chancellor's announcement of an enterprise zone in Coleraine is very welcome good news for the local economy. |
Commitment | |
"I look forward to finding out further details about the enterprise zone and I am confident it will also enhance the plans which we have for Project Kelvin at the University of Ulster." | "I look forward to finding out further details about the enterprise zone and I am confident it will also enhance the plans which we have for Project Kelvin at the University of Ulster." |
Northern Ireland Secretary of State Theresa Villiers said: "The announcement of a new pilot enterprise zone at Coleraine is particularly welcome. | Northern Ireland Secretary of State Theresa Villiers said: "The announcement of a new pilot enterprise zone at Coleraine is particularly welcome. |
"This meets another commitment made in the economic pact and with increased capital allowances available until 2020 this will help make longer term investment easier." | "This meets another commitment made in the economic pact and with increased capital allowances available until 2020 this will help make longer term investment easier." |
Northern Ireland Finance Minister Simon Hamilton said: "Through a pilot enterprise zone, we can help to achieve the Northern Ireland Executive's number one priority to grow the economy." | Northern Ireland Finance Minister Simon Hamilton said: "Through a pilot enterprise zone, we can help to achieve the Northern Ireland Executive's number one priority to grow the economy." |
Extended | |
Enterprise Minister Arlene Foster added: "Such investments can be crucial in the development of the ICT sector as a whole and will, without doubt, enhance the proposition Northern Ireland can offer to inward investors who are increasingly globally connected." | Enterprise Minister Arlene Foster added: "Such investments can be crucial in the development of the ICT sector as a whole and will, without doubt, enhance the proposition Northern Ireland can offer to inward investors who are increasingly globally connected." |
Glyn Roberts, chief executive of NIIRTA (Northern Ireland Independent Retail Trade Association), welcomed the announcement, but called for the zone to be extended. | Glyn Roberts, chief executive of NIIRTA (Northern Ireland Independent Retail Trade Association), welcomed the announcement, but called for the zone to be extended. |
"We would like to see this proposed pilot enterprise zone to include the north-west as whole, including Derry/Londonderry and Strabane, to build upon the legacy of the City of Culture." | "We would like to see this proposed pilot enterprise zone to include the north-west as whole, including Derry/Londonderry and Strabane, to build upon the legacy of the City of Culture." |
There are currently 24 enterprise zones in England and seven in Wales. | There are currently 24 enterprise zones in England and seven in Wales. |
The enterprise zone will be built where the Project Kelvin transatlantic fibre, which connects the US and UK, comes ashore. | The enterprise zone will be built where the Project Kelvin transatlantic fibre, which connects the US and UK, comes ashore. |
In October 2013, 5Nines announced plans for a £20m data centre on the site that will create 15 jobs. | In October 2013, 5Nines announced plans for a £20m data centre on the site that will create 15 jobs. |
The Northern Ireland Executive had previously identified the need for such a centre as playing a crucial role in capitalising on Northern Ireland's strengths in IT. | The Northern Ireland Executive had previously identified the need for such a centre as playing a crucial role in capitalising on Northern Ireland's strengths in IT. |