Londonderry and the City of London

Lord Dodds of Duncairn Excerpts

Wednesday 27th February 2013 Westminster Hall

[Mark Field]

The hon. Gentleman is absolutely right, and naturally I will come on to this issue later. I only hope that the coffers of the City of London will be strong enough to ensure that we will not have to wait another 400 years until there is another such glorious dinner in the Guildhall.

Of course, part and parcel of the creation of Londonderry was the creation of the Honourable the Irish Society, which was created by the same royal charter of 1613. I am sure that everyone here in Westminster Hall today is aware that the relationship between London and Londonderry is one that has had its fair ups and downs during the past four centuries. More importantly, however, the relationship between the City of London and Londonderry presents unique opportunities. In many ways, with the recent focus upon the Northern Ireland economy, the timing for this debate could not be more apt.

I am sure that hon. Members are conscious of the economic problems that we face in Northern Ireland today. The massive imbalance between the public and private sectors is the largest in any British region, and that has created a reliance on public funding that gives rise to some real challenges, particularly in the current economic climate. That imbalance, combined with below-average employment, means there is a strong and pressing need for increased private investment across the region.

I think that all parties in the House accept that urgent action is needed to help to remedy this problem, and I am pleased that the Government have assembled a working group to assess ways in which such investment can be achieved. Although I obviously do not represent a Northern Ireland constituency, I hope that I can play a small part in trying to ensure that that process bears some fruit. I have no doubt that the Treasury and the Northern Ireland Office, alongside their counterparts in the Northern Ireland Executive, are working very hard to find solutions to these problems. A growing, strong and resilient Northern Irish economy will benefit the whole UK.

As Northern Ireland looks for opportunities to boost its economy, this year presents County Londonderry with a distinctive position to begin to address some of the issues that I have mentioned, by utilising and building upon its historic connection with one of the centres of global business, finance and the arts. It is towards this purpose that the City of London, the Honourable the Irish Society, Derry city council and Coleraine borough council have been working together to mark the anniversary with a lasting economic and cultural impact.

Earlier this month, the City of London hosted a day of activities designed to boost County Derry’s visibility as a place to invest in among businesses and investors here in London. That day included an inward investment seminar, organised under the auspices of Derry city council and Coleraine borough council and their respective chambers of commerce, with valuable help from Invest Northern Ireland. The seminar was addressed by a series of business representatives, as well as by Arlene Foster, Northern Ireland’s Minister of Enterprise, Trade and Investment, and the mayors of both Derry city council and Coleraine borough council. It highlighted the potential of the growing technological and digital sectors in the region, as represented by the dedicated digital development projects of Digital Derry and Digital Causeway in Coleraine.

We only need to look at the evidence. The completion of the Project Kelvin communications link will provide County Londonderry with the fastest data link with north America in the whole of Europe. Derry city council is committed to becoming the first city in the UK with 100% fibre-optic broadband availability, and of course the university of Ulster is an industry-focused university with world-class technology research facilities and a dedicated school of creative arts. The digital sector can act as a key selling point upon which to build a modern vibrant economy for Londonderry and for Northern Ireland as a whole.

As the hon. Member for East Londonderry (Mr Campbell) mentioned, the seminar at the Guildhall was followed by an absolute first for the city of Londonderry: a dinner at the Guildhall hosted by the City of London corporation and facilitated by Invest NI, on the theme of inward investment. At that dinner, Northern Ireland’s First Minister, the Deputy First Minister, the Secretary of State for Northern Ireland, the lord mayor of the City of London and the governor of the Honourable the Irish Society all spoke. As someone who was there, I was glad that the speeches were relatively short and the toasts commensurately long, which is the right way round. It was an occasion that should not be underplayed, and it signalled the intention of all those involved in the Northern Ireland Executive, the City of London and—I hope—here in Westminster to move forward and foster a strong working partnership between County Londonderry, Northern Ireland as a whole and the City of London at the highest possible levels.

[Mr Nigel Dodds (Belfast North) (DUP)]

I congratulate the hon. Gentleman on securing this important debate. Although I represent a Belfast constituency, I am proud to say that I was born in Londonderry and lived there for the first 11 years of my life, so I want to see it do well and succeed. Does he agree that with the initiatives that he has referred to—the dinner and the special events, particularly this year—it is important that there is follow-up and follow-through on the part of Invest NI and others? I say that because, wearing my hat as a former Minister of Enterprise, Trade and Investment in Northern Ireland, the thing that I learned very strongly is that the follow-up to any action is absolutely key, as I am sure that the hon. Gentleman would agree.

[Mark Field]

The right hon. Gentleman is absolutely correct in that regard. Achieving follow-up is an inevitable problem of government, and not just within Northern Ireland. For example, one can look at the important initiatives that the UK Government are making in India. Without following those initiatives through, there is a difficulty. It is not simply a matter of a whole lot of politicians putting on a good dinner and everything else, and thinking that the problem is solved. There needs to be concerted action. I very much hope that all members of all parties in Northern Ireland will play their part in that action, and I also hope that, within the City of London, we ensure that we take on this responsibility, too.

It seems to me that, in recent months, the Honourable the Irish Society has been directly engaging with Digital Derry, Derry city council, Coleraine borough council and other local stakeholders. I am pleased to say that that engagement has resulted in the signing of a unique memorandum of understanding between Digital Derry and the Tech City Investment Organisation in London. It is unique in the sense that it is the very first such agreement to be signed between Tech City and any other UK-based digital cluster. Therefore, it gives a great opportunity, as the right hon. Gentleman correctly suggests, to drive this process forward before other parts of the UK have their chance.