Building a Partnership for Future Growth Kevin Holland, Chief - PowerPoint PPT Presentation

Building a Partnership for Future Growth Kevin Holland, Chief Executive Alan McKeown, Exec Director, Regional Business Steve Harper, Exec Director, International Business Invest Northern Ireland Slide 1

Agenda Invest NI Overview Current Performance Outcomes Invest NI in your region Partnerships with Derry City and Strabane District Council What Matters Going Forward Discussion Slide 2

Economic development is the foundation for a sustainable regionally balanced economy – it is an essential short term and long term investment Over the past 5 years sales to Every £1 of Invest NI GB have grown by 47.6% and support results in £6 of export sales by 29.1% investment Invest NI supported businesses Over past 5 years employment account for in Invest NI supported • 25% of all private sector jobs businesses has increased by 21% (102,761 to 124,462) • 75% of all sales outside NI Slide 3

Invest NI provides extensive support to all business in NI and intensive support to our highest growth companies Regional Business Bus & Sector Dev Group International Business Wider High Growth Business Pre-Entry Entry Account Managed Base / Tracked Entrepreneurs & Innovators International Companies & Markets Business Solutions For All Companies Regional Support One to One Sectoral & International Relationships Access to local team and all INI support Bespoke engagement strategies and solutions Events, webinars, diagnostic tools Account development plans On the ground support with partners R&D and Innovation support Innovation and design support Spin off support and potential start up Close working relationships with the Council Supporting global competitiveness not just with external Mentoring and supportive relationships with competitors also internal competitors Slide 4 companies

We provide extensive support to all businesses including advice, guidance and financial assistance covering business start ups, skills development, export guidance and innovation. Slide 5

Our intensive support delivers high returns to the NI economy. The companies we work closest with account for 30% of NI turnover 23% of employees 74% of external sales 73% of exports Slide 6

We are making good progress against our 2017 – 21 Programme for Government Outcomes Slide 7

Two full years in to our current strategy, we are well on course to deliver against our 2017-21 Outcomes. Slide 8

Delivering for all Northern Ireland 74 % of offers made to companies outside Belfast 67% of jobs created outside Belfast (2018-based on KPIs) 56 % of planned investment outside Belfast Invest NI offered more assistance per employee to customers located in Derry City & Strabane DCA than anywhere else in NI - £1,094 per employee compared to a Northern Ireland average of £744 . Supporting Councils to develop USPs and sell outside Northern Ireland Supporting all City and Growth Deals Invest NI 2018-19 Slide 9

Supporting economic growth provides funds to invest in wider public priorities such as Health, Education etc. It helps pay for health care, for roads etc. Economic wellbeing helps close inequality gaps as part of share Community Planning outcomes It supports local businesses who create employment Employment puts money in peoples That supports families pockets Slide 10

Building a strong regionally balanced economy This also helps with regeneration programmes in this area Local talent in turn helps us attract inward investment and business start up Local jobs, and well paid local jobs, help retain local talent Strong local business help strong vibrant communities Slide 11

We are working with Councils to drive sub-regional growth STATUTORY PARTNER TO COMMUNITY PLANNING Focus on Economic Development Outcomes in each of the 11 Council Community Plans Invest NI Managers & Executives are chairing / participating in all of the Economic Development Plan aspects of the Council’s Community Plan Invest NI is represented on the Strategic Partnership Boards of the Community Planning Groups Our Regional staff call on specific Sector, Solutions or Departmental based staff to cover specialised areas e.g. skills, property, R&D, FDI Slide 12

Delivering projects in partnership to support local economic development Business Boost Business Innovation Growth Mentoring and workshop support for Mentoring and workshop support for 600 new start-up and established 840 local businesses to develop businesses to drive growth and their digital knowledge and skills employment leading to the creation leading to the creation of 550 new of 400 new jobs. £402k assistance. jobs. £657k assistance. This programme is currently at procurement stage and is expected to commence in April 2020. Slide 13

Invest NI – Derry City & Strabane DC 2014-15 to 2018-19 Slide 14

Invest NI – In your region (2018-19) Slide 15

Invest NI support – Derry City & Strabane DC CREATING JOBS R&D 01 02 OFFERS ASSISTANCE INVESTMENT OFFERS ASSISTANCE INVESTMENT 485 20M 186.9M 57 21.27M 102.63M 06 03 INNOVATION LOAN FUND OFFERS ASSISTANCE INVESTMENT OFFERS ASSISTANCE INVESTMENT 80 13.77M 43.83M 402 3.09M 4.97M 05 04 SKILLS EXPORT DEVELOPMENT OFFERS ASSISTANCE INVESTMENT OFFERS ASSISTANCE INVESTMENT 310 653,000 1.06M 68 3.64M 13.89M Slide 16

Your dedicated Invest NI support team in the North West Des Gartland Katherine Spratt Derek Andrews Graham Cardwell Leo Donnelly Deborah Johnston Regional Manager Stakeholder Executive Investment Manager Property Executive Trade Advisor Client Executive Partner with Council in Partner with Council in Partner in economic Partner with Council in Partner with Council in Local Partner in Community Community Planning / exploring opportunities for developing collaborative Development Plan Strategy development activities and Planning Strategic Partnership collaborative approach to Working with council in approach to Group client engagement Team/Community international trade activities international investment bringing forward programmes for businesses within the Planning/Economic for support under LED2 Council Development Activities measure of Investment for Growth and Jobs programme/ economic development activities Slide 17

Supporting a wide range of local businesses Slide 18

And international investors Slide 19

We are committed to partnership delivery Strategic Growth (Community) Plan ( 2017-2032) Investing in Growth & Jobs Programme (2014-2020) Skills & Tourism Strategy Working Groups ‘2 nd City’ Initiative NW Entrepreneurship Eco-System International – Clipper Boat Race/ Lord Mayor Show City Deal /Inclusive Future Fund Brexit Slide 20

Together we can develop a future shared regional vision Partnership is Key - It’s about us not them Invest NI is one key link in the system Relationships are strong City Deal/ Future Fund a Game Changer Shared Prosperity Fund and New Trading Relationships New Deal New Approach Opportunities ‘2 nd City’ Initiative Working Together is the priority “Coming together is a beginning, staying together is progress, and working together is success.” Henry Ford Slide 21

Thank you Slide 22