Inward Investment

Oral Answers to Questions — Northern Ireland – in the House of Commons at 12:00 am on 5th September 2018.

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Photo of Tom Pursglove Tom Pursglove Vice-Chair, Conservative Party 12:00 am, 5th September 2018

What recent steps she has taken to attract inward investment into Northern Ireland.

Photo of Shailesh Vara Shailesh Vara The Minister of State, Northern Ireland Office

Northern Ireland has proven itself to be a top destination for inward investment from companies from the rest of the UK and also from overseas. Over 900 companies worldwide have invested in Northern Ireland, and I welcome this week’s announcement that PA Consulting will be creating 400 new jobs in Belfast. I firmly believe, however, that Northern Ireland can do even better, and we continue to work to restore stable, devolved government so that Northern Ireland can maximise its potential as a place to invest and do business.

Photo of Tom Pursglove Tom Pursglove Vice-Chair, Conservative Party

I share the Minister’s enthusiasm. Northern Ireland is clearly a key driver of United Kingdom exports and will be even more important as we leave the European Union, so what steps is the Department taking to foster further investment and also to sell the opportunity of Northern Ireland as a top exporter around the world?

Photo of Shailesh Vara Shailesh Vara The Minister of State, Northern Ireland Office

One of the fastest routes to a strong economy is through a healthy, growing export economy. The Northern Ireland Office is working with Departments across Whitehall, including the Department for International Trade, to maximise UK Government initiatives such as the GREAT campaign and the recently launched export strategy to promote exporters and help them to realise their potential. My right hon. Friend the Secretary of State and I regularly champion new investment announcements in Northern Ireland and promote Northern Ireland as a great place in which to invest and do business. That is something that was referred to in the Budget as well.

Photo of Sylvia Hermon Sylvia Hermon Independent, North Down

How on earth does the Minister expect to attract inward investment into Northern Ireland when we have not had a functioning Assembly for 18 months? We have a Secretary of State who said some months ago that she was “minded” to cut the salaries of the MLAs, but she has done absolutely nothing about doing so, so can the Minister give us some very good news today and announce a cut in MLAs’ salaries?

Photo of Shailesh Vara Shailesh Vara The Minister of State, Northern Ireland Office

I am delighted to be able to give some very good news to the hon. Lady: in July US company Allstate, which is one of the many companies that are investing in Northern Ireland, opened Northern Ireland’s largest single office development for 15 years, investing £30 million. Allstate employs around 2,200 people in sites in Belfast, Derry and Strabane so, notwithstanding the present circumstances of not having a devolved Administration, the economy is looking up, business is coming in and we continue to try to get that devolved Administration up and running.