Menu
10/10/2003
Local business urged to turn NI into thriving region
Local businesses must upgrade itself if Northern Ireland is top grow into a thriving, profitable business sector.
This was the message from Enterprise Minister, Ian Pearson as he addressed members of the Institute of Bankers at their annual dinner last night.
"Businesses create wealth not Governments and the wealth creating process is vital to the life-blood of any region or nation. Sometimes we in Government forget that. But the truth is that we cannot achieve our social or societal objectives without a thriving, profitable business sector.
“Sometimes those in industry and commerce forget that we have wider responsibility and just want us to get out of the way.”
The Minister said that that relationship between Government, the businesses it supports and the financial institutions was changing. He explained that the focus of Invest NI’s attention has been a desire to move companies away from grant dependency and to develop a robust range of financial products to support business.
“If Invest NI is using taxpayers money to help companies, then we should be able to share in the rewards from that investment. The aim is not for us to compete with the banking sector or with venture capitalists for equity participation, but to work with you," Mr Pearson concluded.
(MB)
This was the message from Enterprise Minister, Ian Pearson as he addressed members of the Institute of Bankers at their annual dinner last night.
"Businesses create wealth not Governments and the wealth creating process is vital to the life-blood of any region or nation. Sometimes we in Government forget that. But the truth is that we cannot achieve our social or societal objectives without a thriving, profitable business sector.
“Sometimes those in industry and commerce forget that we have wider responsibility and just want us to get out of the way.”
The Minister said that that relationship between Government, the businesses it supports and the financial institutions was changing. He explained that the focus of Invest NI’s attention has been a desire to move companies away from grant dependency and to develop a robust range of financial products to support business.
“If Invest NI is using taxpayers money to help companies, then we should be able to share in the rewards from that investment. The aim is not for us to compete with the banking sector or with venture capitalists for equity participation, but to work with you," Mr Pearson concluded.
(MB)
Related Northern Ireland News Stories
Click here for the latest headlines.
14 October 2010
Economy Needs Fillip - Not Cut-backs
Stimulating enterprise and trade must be a priority going beyond public sector cuts says banking economists. According to the Northern Bank's Chief Economist Angela McGowan, (pictured) decision-makers need to bring forward measures for growing the private sector alongside anticapated proposals to slim the public sector.
Economy Needs Fillip - Not Cut-backs
Stimulating enterprise and trade must be a priority going beyond public sector cuts says banking economists. According to the Northern Bank's Chief Economist Angela McGowan, (pictured) decision-makers need to bring forward measures for growing the private sector alongside anticapated proposals to slim the public sector.
15 November 2024
New £4.3m Grant To Boost Business Innovation
Economy Minister Conor Murphy has launched the Business Innovation Grant (BIG), a new £4.3 million initiative designed to stimulate innovation and enhance productivity among Northern Irish businesses. The scheme, developed by Invest Northern Ireland and delivered in partnership with Innovate NI, is open to micro-businesses, sole traders, and SMEs.
New £4.3m Grant To Boost Business Innovation
Economy Minister Conor Murphy has launched the Business Innovation Grant (BIG), a new £4.3 million initiative designed to stimulate innovation and enhance productivity among Northern Irish businesses. The scheme, developed by Invest Northern Ireland and delivered in partnership with Innovate NI, is open to micro-businesses, sole traders, and SMEs.
28 September 2004
Small business sector 'confident but concerned'
A new report has revealed that over half of Northern Ireland's small businesses have been victims of crime during the past year. The Federation of Small Businesses (FSB) 'Lifting the Barriers to Growth' Biennial Membership Survey 2004 examined issues and problems relating to small business growth in the province.
Small business sector 'confident but concerned'
A new report has revealed that over half of Northern Ireland's small businesses have been victims of crime during the past year. The Federation of Small Businesses (FSB) 'Lifting the Barriers to Growth' Biennial Membership Survey 2004 examined issues and problems relating to small business growth in the province.
30 April 2021
Business Coach Bernie Allen Launches Free Webinar Series
Successful businesswoman and mentor, Bernie Allen, has launched a new series of free webinars to help businesses move forward following the most challenging period enterprise has ever experienced.
Business Coach Bernie Allen Launches Free Webinar Series
Successful businesswoman and mentor, Bernie Allen, has launched a new series of free webinars to help businesses move forward following the most challenging period enterprise has ever experienced.
10 November 2014
Google 'Juice Bar' To Help NI Businesses Get Online
Finance Minister Simon Hamilton is encouraging Northern Ireland business owners to book a place at an upcoming Google 'Juice Bar' event. The free event will take place on 26 November 2014 at the Ulster University Business School, in partnership with the Federation of Small Businesses (FSB).
Google 'Juice Bar' To Help NI Businesses Get Online
Finance Minister Simon Hamilton is encouraging Northern Ireland business owners to book a place at an upcoming Google 'Juice Bar' event. The free event will take place on 26 November 2014 at the Ulster University Business School, in partnership with the Federation of Small Businesses (FSB).
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
