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Concerns at Invest NI ability to deliver new DETI programmes to boost economy

19 March, 2009

Sinn Fein Economy Spokesperson, Mitchel McLaughlin MLA has welcomed today's announcement of two new programmes by DETI Minister, Arlene Foster, aimed at boosting local economic growth. 

Speaking today Mr McLaughlin said:   “I welcome the announcement of these two programmes aimed at stimulating economic growth. But I would have concerns about the ability of InvestNI who have been given responsibility for delivery to target  areas of greatest enonomic needs. Based on its past record InvestNI have a history failing to target areas of high deprivation. 

"Special attention, through stimulating the local economy through a focus on business start up and the export sector is a worthwhile goal but it must be directed on the basis of greatest need.   “Sinn Féin has been very critical of InvestNI's track record. In the past the majority of its investment has been directed towards more affluent areas such as South Belfast while West of the Bann and Border Regions have ben ignored.   “These economic stimulus programmes need to be directed alongside other initiatives aimed at boosting and supporting existing small to medium enterprises which employ over 90% of our local work force."

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