Trade and Investment www.investni.com The Trade and Investment Opportunity in Northern Ireland Northern Ireland - key facts • Population 1.81 million – Fastest growing population in the UK – One of Europe’s youngest populations 60% under the age of 40 • Travel to work population – Belfast 700,000+ – Londonderry 300,000+ • Small business economy • Regional economy focused on: – Increasing the private sector and reducing our over dependence on the public sector – Creating employment opportunities and increasing exports – Increasing the levels of investment in research and development Trade and Investment www.investni.com Northern Ireland at a glance Unemployment 7.8% (Aug-Oct 2012) Academic results for NI school leavers more than 10% above the UK national average 75% of school leavers undertake Further & Higher Education 2 world class universities: Queen’s University Belfast & the University of Ulster 6 colleges of further education - 153,000 students Strong multi lingual capability Resilient physical & telecommunications infrastructure Trade and Investment www.investni.com NI devolved government Trade and Investment www.investni.com Programme for Government 2011-2015 targets “Growing a sustainable economy and investing in the future” • 25,000 new jobs • £1bn investment • Visitor numbers to 4.2m • Support young people into employment • Increase manufacturing exports by 20% Trade and Investment www.investni.com Northern Ireland business facts An SME dominated economy • 98% of businesses employ fewer than 50 people and employ over 500,000 • 5% of businesses account for 90% of exports • Around 60% of Northern Ireland’s exports are sold to European Union countries. • Over 60% of all the innovation in business comes from small and medium companies. 0-4 Employees 5-9 Employees Key Export Sectors Food, Beverages & Tobacco Transport Equipment % 19.8% 18.9% Electrical Equipment 12.3% Computer, Electronic & Optical 10.9% Machinery & Equipment (non classified) 8.3% Chemicals & Chemical Products 6.2% Other 23.6% 10-19 Employees 20-49 Employees 50-249 Employees 250+ Employees Trade and Investment www.investni.com NI is well connected to Ireland, GB and beyond Physical Infrastructure (Air, Road, Rail) • 100 flights a day to GB • Daily direct flight to New York • 30 direct connections to Europe • Dublin Airport services over 165 scheduled including 70 daily direct flights to GB and is just 90 minutes from Belfast by car • Excellent rail and road connections from Belfast to Dublin IFSC Trade and Investment www.investni.com Direct transatlantic link to N America & Europe • A direct link to North America & Europe – resilient connectivity with multiple routings • Unaffected by disruptions to telecoms in London or Dublin – gives a higher level of security potential than other GB sites • Solution for disaster recovery and business continuity for international companies • Performance guaranteed • Broadband products prices 20% less than Manchester, Glasgow & Dublin until 2018+ Trade and Investment www.investni.com New 40-gigabite per second transatlantic and terrestrial communications link - making distance invisible Developing a highly educated workforce “We need hired heads, not hired hands in our workforce.” (Bro McFerran, MD Allstate) NI students consistently out-perform other UK regions in high school exams by more than 10% World renowned universities, working closely with industry to develop specific curricula: • Queen’s University Belfast – Member of the Russell Group • University of Ulster – Awarded ‘Excellent’ (perfect score) by HE Quality Assurance Agency • Six major FE Colleges – specialising in vocational education Leadership & Management Assured Skills Continuous Talent • Stimulating and engaging with industry to transform leadership and management capability within Northern Ireland companies - New support framework and link to productivity. • Delivers scalable and sustainable future skills • Offers employees Ready Day One through customised skills support from local infrastructure. • Suitable for both inward investors and local business. • Software Professional Course • Summer Camp for 14-16 yr olds • Santander School Leaver Programme • The Academy of Finance (BMC) • Promotion of IAQ training • First Derivatives Options Programme Trade and Investment www.investni.com Northern Ireland economic performance (2007-11) 42% increase in Over £3bn total investment 25 600 Jobs and 11,000 business starts Belfast is the UK's most attractive city for FDI after London Every £1 in support resulted in Over £2m invested every over £5 day in the local economy investment Trade and Investment www.investni.com people employed in R&D Belfast now has the 3rd highest level of GVA in the UK, behind only London and Edinburgh £613m in additional salaries Future focus Key Drivers R&D, Innovation and creativity Skills Key Sectors Technology & Creative Mobile Telecoms Information Management Security Digital Content E-Health Creative Industries Financial Services Globalisation Operations Risk, Actuarial IT Business Growth Business Services Shared Services Infrastructure Legal and Compliance Contact Centres Renewables Employment Trade and Investment www.investni.com Offshore Wind and Marine Supply Chain Development Northern Ireland – Key Sectors Aerospace ICT Creative Industries Life Sciences Digital Media Professional Services Construction Renewables Materials Handling Environmental Food & Drink Securities and Defence Trade and Investment www.investni.com Business Support • Invest NI • Local Councils • Cross Border Agencies • Chamber of Commerce • CBI • Sector bodies • Federation of Small businesses • Institute of Directors Government organisations Support • Invest NI • Local Councils • Cross border agencies • Membership organisations Trade and Investment www.investni.com Membership organisations Lobbying • CBI • Institute of Directors • Sector bodies • Federation of Small Businesses Invest NI’s role • Be an effective and efficient delivery body for economic development strategies in the Programme for Government. • Integrated offering of financial, capability development and advisory solutions with offices across Northern Ireland and over 13 international locations. • Client Teams structured by industry sector and supported by specialists in a wide range of business disciplines. • Annual budget of c£150m to invest with businesses in Northern Ireland. Trade and Investment www.investni.com Trade and Investment www.investni.com 15 Trade Wrightbus H&W Andor APT Material Handling Equipment Bombardier Randox Seagate Heartsine Huddleston Engineering BE Aerospace Export Success Cycle New exporter Opportunity identification New product Product / service enhancement New market Trade and Investment www.investni.com Skills enhancement Opportunity exploitation Some of our investors Trade and Investment www.investni.com Trade and Investment www.investni.com Thank You Trade and Investment www.investni.com