MPs to begin assessment of investment in NI
10 January 2022
Are UK Government investment schemes in Northern Ireland operating effectively? MPs on the Northern Ireland Affairs Committee kick off public sessions of its Investment in Northern Ireland inquiry with a hearing with investment and policy experts on 12 January.
- Parliament TV: Watch the session live
- Inquiry: Investment in Northern Ireland
- Northern Irish Affairs Committee
Purpose of the session
Northern Ireland has consistently had one of the lowest employment rates in the UK, the result in part of years of underinvestment. Recent UK Government initiatives to improve the region’s economy include funding under the New Decade New Approach agreement and three City Deals for Derry/Londonderry and Strabane, the Mid-South West, and the Causeway Coast. The Belfast Region City Deal worth up to £1bn has now been formally signed.
The session will explore the impact of the Government’s investment schemes while discussing opportunities for further investment. It will also look at the effects of Brexit on the attractiveness of Northern Ireland as a destination for foreign direct investment and take a broad look at the balance of distribution of these funds across the region.
Further funding from the UK Government is expected from the Levelling Up Fund and the Shared Prosperity Fund which replaces EU funding following Brexit.
Wednesday 12 January 2022
- Ann Watt, Director, Pivotal Public Policy Forum;
- Paul MacFlynn, Co-Director, Nevin Economic Research Institute;
- Gareth Hagan, Deputy CEO, OCO global.