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Economy

We invested £34 million in local economic growth by March 2015, as part of our  Investment Programme.

This money will be used to support local businesses, promote Belfast internationally, attract inward investment and help people improve their skills and gain employment. 

Here are just some of the ways we are doing this: 

Jobs and skills 

As a large employer in Belfast, we want to help people into work. 

We have more than trebled our original target of 200 job opportunities. We've provided 712 permanent and temporary positions, including apprenticeships, pre-recruitment support and jobs specifically for unemployed people.

By working with employability partners, 672 work placement opportunities have been made available, through government and community-led programmes. 

Our Achieve Bursary Fund has helped over 800 16 to 24-year-olds into further education, training or employment through Belfast Met and Prince’s Trust.

Another 4,772 participants have taken part in targeted schemes, like World Host hospitality training, the HARTE Programme for unemployed people and the Belfast Enterprise Academy for graduates, with 574 securing work through these initiatives. 

Economic infrastructure 

Many of the physical investment projects we are planning will benefit our economy, including construction work already underway to extend the conference and exhibition facilities at Belfast Waterfront. 

They will help diversify our infrastructure, driving growth in new areas like creative industries, renewable technology and connected healthcare. 

We are also developing our European and international relations, working with others to use our influence to attract new investors into Belfast. 

Help for businesses 

We purchased more than £27 million of goods and services from local firms in 2013 - 2014, and 83% of every £1 we pay out is spent or re-spent within our local economy.

45% of our suppliers are Belfast-based. To help increase this to our target of 60%, we are running more programmes, workshops and targeted schemes, which already support 1,185 companies and entrepreneurs. 

We have also launched a Connection Vouchers Scheme as part of the Super Connected Belfast project, to help small businesses with the costs of installing faster broadband. 

Social clauses

All our physical contracts are now screened for opportunities to provide the maximum benefit to local communities.

Examples include offering apprenticeships or work placements during construction work, opening up a facility for communities to use at set times, or using recycled materials to reduce the impact on the environment. 

We are also working within the current legislation to look at other ways our investment plans can help the economy.

Events

Major events help to sell Belfast and showcase our city to an international audience. 

We are working hard to attract more events, which bring millions into our economy and support the tourism, hospitality and retail sectors. 

Smaller events make a big difference too, so we have provided £4.1 million to 52 arts organisations under our three-year Core Multi-Arts Funding initiative, supporting more than 400 jobs, 4,000 artists and 700 volunteers.

Video

In this short video clip, young people talk about why they enjoy living, working and studying in Belfast.

They speak about the economic downturn, give their views on whether they see the city as their future home and discuss their ideas for making Belfast more competitive.



Contact us
Corporate Policy and Strategic Planning Unit
028 9027 0202
Development Department
Cecil Ward Building
4-10 Linenhall Street
Belfast
BT2 8BP