Maria Caulfield
Main Page: Maria Caulfield (Conservative - Lewes)Department Debates - View all Maria Caulfield's debates with the Northern Ireland Office
(8 years, 8 months ago)
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Maria Caulfield (Lewes) (Con)
1. What steps the Government are taking to encourage inward investment in Northern Ireland.
The Secretary of State for Northern Ireland (Mrs Theresa Villiers)
Before I answer the question, I would like to convey my condolences to the family of Adrian Ismay, the prison officer who sadly died as a result of a terrorist attack in the period since our last Northern Ireland questions. I would like to extend the same condolences to the family of Michael McGibbon, who was brutally murdered in north Belfast, in an attack that has all the hallmarks of a paramilitary assault.
To encourage inward investment in Northern Ireland, the Government have reduced UK corporation tax to the joint lowest in the G20 and legislated to enable the devolution of rate-setting powers to Northern Ireland. Working with the Executive, we are also making progress on the establishment of a new enterprise zone near Coleraine.
Maria Caulfield
I echo the sentiments of condolence expressed by the Secretary of State, and I thank her for her reply. What benefit does she think this inward investment will bring to the local economy of Northern Ireland? In particular, what steps are being taken to ensure that all communities will benefit from it?
Mrs Villiers
There has been significant investment in Northern Ireland in recent years, and it continues to perform beyond many parts of the United Kingdom. Recent good news includes 110 new jobs for Cookstown from CDE; 74 new jobs in Belfast from HighWire Press; and about 70 new jobs in Fermanagh and Omagh. Invest NI reports that it has promoted 37,000 new jobs since 2011 and delivered £2.6 billion of investment to the local economy, benefiting all parts of Northern Ireland.