Sinn Féin - On Your Side

Invest NI Annual Report highlight investment imbalance

15 July, 2005


Sinn Féin Economy Spokesperson, Foyle MLA Mitchel McLaughlin has said that the Annual Invest NI Report highlights a serious imbalance in investment West of the Bann and in Border areas.

Mr McLaughlin said:

"The annual Invest NI report shows a clear imbalance the way resources are being targeted. The impact West of the Bann, in border areas and in North and West Belfast is especially stark because these are areas of high deprivation and unemployment.

"West Belfast received fewer offers of financial assistance than any other constituency. North and West Belfast together received less than a third of the financial assistance given to South and East Belfast for 2003-04 (£12.6 million compared to £41.5 million).

"The 5 border constituencies of South Down, Newry Armagh, Foyle, West Tyrone and Fermanagh South Tyrone together have received and have less planned assistance than South Belfast, an area with significant investment in infrastructure and with high levels of prosperity and set for nearly 30% of all INI planned investment in the current financial cycle.

"The seven constituencies West of the Bann have received only 10% of assistance given and are only due to receive 10% of planned investment.

"It is no accident that the areas that have received the lowest levels of INI financial support and investment are nationalist areas.

"In failing to tackle discrimination and disadvantage and simply replicating patterns of disadvantage, Invest NI is part of the problem.

"There is no commitment to seriously tackling social need.

"It's a nonsense for Invest NI to claim, as it does in this report, that 82% of investment is located in NTSN areas. The figures show that this is clearly not the case.

"Sinn Féin has consistently argued that the definition for TSN areas is so wide as to be practically meaningless.

"The correlation between those areas that are losing out on Invest NI support - West of the Bann, the border counties, North and West Belfast - with the mapping of areas are the most deprived and have the least jobs is very strong.

"Invest NI are clearly failing in their duty to equality proof their investment strategy and as a result the patterns of neglect, under investment, disadvantage and discrimination that exist as a result of decades of unionist misrule and British direct rule are being reinforced." ENDS

Note to Editors

Table 1 are the details as set out in the INI Annual Report 2003-2004. These specify the number of offers of assistance by parliamentary constituency, the actual assistance in millions and the planned investment in millions. It is worth noting that the West Belfast constituency has the lowest number of offers of assistance at 96.

TABLE 1

Parliamentary Constituency Area No of Offers Assistance (£) Planned

Investment (£)

BELFAST EAST 53 15,781,520 59,561,790

BELFAST NORTH 111 4,491,136 24,863,957

BELFAST SOUTH 268 25,744,481 106,565,647

BELFAST WEST 96 8,083,963 26,637,705

EAST ANTRIM 175 3,895,611 12,601,313

EAST DERRY 116 5,515,632 10,952,580

FERMANAGH/STH TYRONE 211 4,330,331 16,063,338

FOYLE 232 7,590,869 27,306,606

LAGAN VALLEY 189 1,701,255 5,835,880

MID ULSTER 318 5,610,090 25,593,826

NEWRY AND ARMAGH 188 2,126,189 8,466,145

NORTH ANTRIM 194 5,261,235 31,305,993

NORTH DOWN 97 5,051,236 15,224,275

SOUTH ANTRIM 216 4,533,953 15,122,204

SOUTH DOWN 160 1,244,825 4,201,426

STRANGFORD 121 1,641,799 5,431,651

UPPER BANN 240 6,995,359 31,978,233

WEST TYRONE 194 7,314,505 35,664,802

TBD* 2 240,000 4,769,000

TOTAL 3,281 117,153,990 468,146,370

*TO BE DETERMINED

Table 2 shows rounded off amounts and put as a percentage share of total

spend

TABLE 2

CONSTITUENCY ASSISTANCE (£M)

1. SOUTH DOWN 1.2 1.0%

2. STRANGFORD 1.6 1.4%

3. LAGAN VALLEY 1.7 1.5%

4. NEWRY AND ARMAGH 2.1 1.8%

5. EAST ANTRIM 3.9 3.3%

6. FERMANAGH & SOUTH TYRONE 4.3 3.7%

7. BELFAST NORTH 4.5 3.8%

8. SOUTH ANTRIM 4.5 3.8%

9. NORTH DOWN 5.1 4.4%

10. NORTH ANTRIM 5.3 4.5%

11. EAST DERRY 5.5 4.7%

12. MID ULSTER 5.6 4.8%

13. UPPER BANN 7.0 6.0%

14. WEST TYRONE 7.3 6.2%

15. FOYLE 7.6 6.5%

16. BELFAST WEST 8.1 6.9%

17. BELFAST EAST 15.8 1.4%

18. BELFAST SOUTH 25.7 21.9%*

TOTAL 117.2

*Percentages will not total 100 as there is a small undetermined factor

Table 3 gives sorted figures by planned investment for each parliamentary

constituency. The constituencies with the least amount of financial

assistance and planned investment are placed first.

TABLE 3

CONSTITUENCY PLANNED INVESTMENT (£M)

1. SOUTH DOWN 4.2 0.9%

2. STRANGFORD 5.4 1.2%

3. LAGAN VALLEY 5.8 1.2%

4. NEWRY AND ARMAGH 8.5 1.8%

5. EAST DERRY 11.0 2.3%

6. EAST ANTRIM 12.6 2.7%

7. SOUTH ANTRIM 15.1 3.2%

8. NORTH DOWN 15.2 3.2%

9. FERMANAGH & SOUTH TYRONE 16.1 3.4%

10. BELFAST NORTH 24.9 5.3%

11. MID ULSTER 25.6 5.5%

12. BELFAST WEST 26.6 5.7%

13. FOYLE 27.3 5.8%

14. NORTH ANTRIM 31.3 6.7%

15. UPPER BANN 32.0 6.8%

16. WEST TYRONE 35.7 7.6%

17. BELFAST EAST 59.6 12.7%

18. BELFAST SOUTH 106.6 22.8%*

TOTAL 468.2

*Percentages will not total 100 as there is a small undetermined factor

Table 4 details the total actual investment and planned investment in the 5

border counties in comparison to the most heavily financed constituency of

South Belfast. The figures speak for themselves but essentially investment

is being directed to an already well-off constituency.

TABLE 4

BORDER COUNTIES ASSISTANCE (£M) PLANNED INVESTMENT (£M)

SOUTH DOWN 1.2 4.2

NEWRY AND ARMAGH 2.1 8.5

FERMANAGH AND SOUTH TYRONE 4.3 16.1

WEST TYRONE 7.3 35.7

FOYLE 7.6 27.3

TOTAL 22.5 (19.2%) 91.8 (19.6%)

BELFAST SOUTH 25.7 (21.9%) 106.6 (22.8%)

Table 5 is the total spend and planned spend West of the Bann, again the

figures speak for themselves.

TABLE 5

WEST OF THE BANN ASSISTANCE (£M) PLANNED INVESTMENT (£M)

NEWRY AND ARMAGH 2.1 8.5

FERMANAGH AND SOUTH TYRONE 4.3 16.1

EAST DERRY 5.5 11.0

MID ULSTER 5.6 25.6

WEST TYRONE 7.3 35.7

FOYLE 7.6 27.3

TOTAL 32.4 (27.6%) 124.2 (26.5%)

OVERALL TOTAL 117.2 468.2

Connect with Sinn Féin