Jessica O'ConnorNorthern Ireland’s science and technology industries are expected to see significant job creation after receiving more than £30m in new funding through the Government’s modern ‘Industrial Strategy’.
The package, announced during a visit to Belfast by Industry Minister Sarah Jones, will be directed by local leaders to support high-growth industries such as cybersecurity.
The sector already employs 2,750 people across 100 businesses in Northern Ireland, and the new funding is designed to expand employment opportunities further.
Similar initiatives in other parts of the UK have previously attracted over £140m in private investment and generated hundreds of new roles.
Officials expect the latest round of funding to deliver similar employment outcomes for Northern Ireland.
Industry Minister Sarah Jones said: “From defence and cyber to the creative industries Northern Ireland’s economy has great strengths, which is why I’m in Belfast speaking to businesses about how our modern Industrial Strategy can help them grow and create well-paid jobs for local people.”
Northern Ireland Secretary Hilary Benn added: “This is great news for Northern Ireland and for the businesses that will benefit from this Government’s modern Industrial Strategy.
“The investment being announced today will create new opportunities, support long-term growth and innovation, create high-quality jobs, and strengthen fast-growing sectors like advanced manufacturing and the creative industries.”
