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27/05/2014
107 Jobs Created By Financial Firm
107 new jobs are to be created as part of an £8m investment by a Belfast-based financial services group.
Spence & Partners are to create the new jobs over five years through an £8m investment in the local economy.
The company is part of Ellcon Investments, an indigenous financial services group based in Belfast with offices in London, Glasgow and Bristol.
Announcing the investment during a visit to the company, Arlene Foster said: "The new jobs, 25 of which are already in place, will bring new skills to the important financial services sector and will generate £3.5m a year in salaries.
"As well as providing an employment grant, Invest Northern Ireland is supporting training for the new staff and has also supported the Mantle research and development project."
Invest Northern Ireland has offered Spence & Partners over £1m towards its investment, part funded by the European Regional Development Fund.
Commenting on the investment, Director Neil Copeland said: "We are excited by the opportunities opening up for us on the back of our Mantle product, which is the only software system on the market that combines actuarial functionality and related administrative processes.
"Without Invest NI's support the development of Mantle and the expansion of the company would have taken much longer and we would have risked losing momentum and missing out on market opportunities."
The new jobs will bring employment at the Spence & Partners Belfast office to 145.
(IT/JP)
Spence & Partners are to create the new jobs over five years through an £8m investment in the local economy.
The company is part of Ellcon Investments, an indigenous financial services group based in Belfast with offices in London, Glasgow and Bristol.
Announcing the investment during a visit to the company, Arlene Foster said: "The new jobs, 25 of which are already in place, will bring new skills to the important financial services sector and will generate £3.5m a year in salaries.
"As well as providing an employment grant, Invest Northern Ireland is supporting training for the new staff and has also supported the Mantle research and development project."
Invest Northern Ireland has offered Spence & Partners over £1m towards its investment, part funded by the European Regional Development Fund.
Commenting on the investment, Director Neil Copeland said: "We are excited by the opportunities opening up for us on the back of our Mantle product, which is the only software system on the market that combines actuarial functionality and related administrative processes.
"Without Invest NI's support the development of Mantle and the expansion of the company would have taken much longer and we would have risked losing momentum and missing out on market opportunities."
The new jobs will bring employment at the Spence & Partners Belfast office to 145.
(IT/JP)
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