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Sinn Féin urge uptake of InterTradeIreland R & D grants

25 July, 2006

Sinn Féin Fermanagh South Tyrone MP Michelle Gildernew has urged companies based in the north to take up the grants for research and development available through the economic all-Ireland Body InterTradeIreland.

Ms Gildernew was speaking after InterTradeIreland gave evidence to the economic sub-committee of the 'Preparation for Government' committee at Stormont today.

Ms Gildernew said:

"InterTradeIreland has grants available to support research and development in companies based in the north if they work in partnership with a 26 County based company or organisation. They will also help arrange and facilitate that north/south partnership.

"This is an excellent opportunity that I would urge particularly small and medium sized enterprises to look at seriously.

"All of the recent economic data shows that all-Ireland trade and economic activity is growing. It is also clear that in the north SME‚s are unfortunately not putting enough resources into R & D. Yet, the benefits of greater R & D expenditure not just for individual companies but for the economy as a whole are clear to see." ENDS

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