Question

To ask the Secretary of State for Business, Innovation and Skills, what work the Regeneration Investment Organisation is undertaking to promote Northern Ireland as a location for investment in regeneration projects.

The Regeneration Investment Organisation (RIO) is actively working on several investment opportunities in Northern Ireland with a gross development value of around £3 billion. The team has held commercial dialogue with overseas investors for some of these schemes.

The RIO team has a dedicated Regional Project Manager who engages with development opportunities in Northern Ireland, works closely with Invest Northern Ireland and helps projects advance to a stage where they would be able to attract overseas investment.

There is also official representation from Northern Ireland on the Regeneration Investment Advisory Board (RIAB), a group consisting of Industry and Government specialists set up to provide strategic advice and oversight of RIO activity.