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Foreign Investment in UK: Northern Ireland

Question for Northern Ireland Office

UIN HL1483, tabled on 5 July 2022

To ask Her Majesty's Government what steps they have taken to date to attract inward investment into Northern Ireland in 2022.

Answered on

18 July 2022

The Government is committed to promoting investment into Northern Ireland.

Northern Ireland Office Minister of State, Conor Burns attended Northern Ireland Day at the Dubai Expo earlier this year where he promoted Northern Ireland businesses already exporting globally, including White’s Oats, Kiverco and Greenfields, as well as meeting Sovereign Wealth Funds to promote the fantastic investment opportunities in Northern Ireland. Representatives of these Funds have been invited to visit and explore investment opportunities in areas of mutual interest.

Northern Ireland Office Ministers and the Special Envoy to the United States on Northern Ireland also undertake frequent visits to the United States to promote the benefits of business in Northern Ireland and attract investment. Northern Ireland is already the number one international investment location for US Cyber Security firms, and the UK Government aims to build on this great potential.

Also, through the New Deal for Northern Ireland we have invested £8 million into expanding Invest NI’s presence overseas, with posts in Tokyo, Singapore and Guangzhou already underway, enhancing Northern Ireland’s investment opportunities. In addition, the Department for International Trade has opened a Northern Ireland hub in Belfast, offering bespoke support for Northern Ireland businesses, including looking to attract investment.