Investment: Northern Ireland

Business, Innovation and Skills written question – answered on 20th March 2014.

Alert me about debates like this

Photo of Gregory Campbell Gregory Campbell DUP, East Londonderry

To ask the Secretary of State for Business, Innovation and Skills if he will hold discussions with the Northern Ireland Enterprise Minister on potential economic effects of private sector investment into the Northern Ireland economy by companies located in the South East of England.

Photo of Matthew Hancock Matthew Hancock The Minister for Universities and Science, Minister of State (Department for Business, Innovation and Skills) (Jointly with the Department for Education)

The UK Government are working with the Northern Ireland Executive to stimulate inward investment. Over 700 foreign investors have chosen Northern Ireland because it is an excellent place to do business, benefiting from a competitive environment, highly educated workforce and reliable infrastructure.

The 2014 Budget also includes a number of measures which will further help Northern Ireland businesses to invest and export. Increases in the Annual Investment Allowance for all businesses and Enhanced Capital Allowances for a pilot Enterprise Zone near Coleraine will allow businesses to claim deductions in tax more quickly, supporting them to invest and expand.

Does this answer the above question?

Yes1 person thinks so

No1 person thinks not

Would you like to ask a question like this yourself? Use our Freedom of Information site.