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Maskey welcomes Audit Office report the Bioscience and Technology Institute

29 November, 2011

West Belfast MP Paul Maskey MLA has welcomed the Audit Office report on the Bioscience and Technology Institute (BTI)

Mr Maskey stated

“Some of the issues that came to the fore within the report are alarming, including widespread shortcomings in corporate governance, especially procurement and conflicts of interest, the Department cannot afford to let this happen again.

“BTI failed to establish the true cost of the switch from BCH to Harbourgate and whether such a move was financially viable.

“A finder’s fee of £100k was paid out even though the building was not appropriate while there was also a lack of transparency over who received the fee. Among a list of issues needing answers is the spurious claims that tenants had been secured for Harbourgate.

“It would seem that there were no accountability mechanisms in place and I have serious concerns around bad management practices in regards to BTI and on how the department allowed this to happen”.

Paul Maskey concluded,

”The failure to get the project established was a significant loss to the local economy, as it had the potential to encourage a substantial level of development in this specialist sector. CRÍOCH

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