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INI Record in Derry Dismal‏

11 February, 2009


Speaking at Tuesday's Council meeting, Derry City Council Development Committee Chairperson Sinn Féin Councillor Lynn Fleming has described Invest NI's track record in the region as a failure.

Cllr. Fleming said:

"INI's performance in securing much needed investment for Derry and the wider North West will not stand up to any serious scrutiny thus far.

"One only has to look at the following figures to view clear evidence of the INI approach to investment in the north."

For example:

The relatively affluent constituency of South Belfast routinely receives more Invest NI-promoted jobs and projects than the combined total for the entire border corridor of Foyle, West Tyrone, Fermanagh and South Tyrone and Newry and Armagh.

The 11 councils West of the Bann received only 27% of investment while Belfast and the East received 73%.

The six parliamentary constituencies West of the Bann receive only 26% of investment with Derry's share amounting to less than 8%.

"This is an organisation which has singularly failed to deliver for the people of Derry and the North West.

"Sinn Féin has brought our concerns to the Auditor General's office which has already confirmed that it will probe a number of the concerns we have highlighted and that it will consider a wider investigation into Invest NI's overall performance.

"At a time of severe economic constraint and hardship the people of this region need action and delivery. On past performance there is little confidence this will be achieved by Invest NI." ENDS

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