Menu
15/06/2021
New Economy Minister Aims To Make NI 'Stronger Than Ever'
Northern Ireland's new Economy Minister Paul Frew has said that building the economy back stronger than ever is his top priority
Speaking as he took up his new role, Mr Frew said: "I am honoured and privileged to take up the position of Economy Minister for Northern Ireland.
"I wish to thank and pay tribute to my predecessor Diane Dodds for her hard work and dedication during what has been a truly unprecedented economic crisis. Without the support packages the Department put in place under her leadership, the business landscape would be in a considerably worse position."
Turning to the future, the Minister said: "I do not underestimate the scale of the economic challenges we face as we emerge from the Covid-19 pandemic.
"The recovery has, however, already begun and I will do all I can to help our local business community accelerate it and maximise the opportunities that lie ahead, for the benefit of all in society.
"The Economic Recovery Action Plan (ERAP) sets out how we will build a more competitive and inclusive economy as we recover. Through the plan we will invest almost £287million to build our skills base; to stimulate research, development and innovation; to promote investment, trade and exports; and to build a greener economy.
"Under the plan, later this year we will further accelerate the recovery with the High Street Stimulus and Holiday at Home Voucher schemes that will deliver tangible benefits not only to households, but also to the local retail, hospitality and tourism sectors right across Northern Ireland.
"And the Tourism Recovery Action Plan will further help get our fantastic tourism and hospitality offering back to its pre-pandemic position."
The Minister continued: "Despite the undoubted challenges we face, I believe the future of the Northern Ireland economy is bright. My Department's 10X Economic Vision sets out how we will create the conditions needed to position Northern Ireland among the leading small economies in the world.
"In this context, I want to progress the associated 10X skills strategy for Northern Ireland to support more people to improve their job prospects and fulfil their economic potential.
"Furthermore, I will seek to maximise the jobs and investment opportunities that the energy sector presents, as we drive towards a net zero carbon economy through a new Northern Ireland energy strategy.
"And, through the 10X trade strategy, I will work to ensure that Northern Ireland remains an attractive location for international companies to locate, invest and flourish."
The Minister concluded: "I am greatly looking forward to tackling the challenges that lie ahead. Over the coming weeks I will undertake a period of extensive engagement with key stakeholders from across the business community and other key sectors such as further and higher education.
"My message is clear – Northern Ireland is once again open for business, open for investment and open for visitors. Let's work together to build a prosperous economy for the benefit of everyone."
Speaking as he took up his new role, Mr Frew said: "I am honoured and privileged to take up the position of Economy Minister for Northern Ireland.
"I wish to thank and pay tribute to my predecessor Diane Dodds for her hard work and dedication during what has been a truly unprecedented economic crisis. Without the support packages the Department put in place under her leadership, the business landscape would be in a considerably worse position."
Turning to the future, the Minister said: "I do not underestimate the scale of the economic challenges we face as we emerge from the Covid-19 pandemic.
"The recovery has, however, already begun and I will do all I can to help our local business community accelerate it and maximise the opportunities that lie ahead, for the benefit of all in society.
"The Economic Recovery Action Plan (ERAP) sets out how we will build a more competitive and inclusive economy as we recover. Through the plan we will invest almost £287million to build our skills base; to stimulate research, development and innovation; to promote investment, trade and exports; and to build a greener economy.
"Under the plan, later this year we will further accelerate the recovery with the High Street Stimulus and Holiday at Home Voucher schemes that will deliver tangible benefits not only to households, but also to the local retail, hospitality and tourism sectors right across Northern Ireland.
"And the Tourism Recovery Action Plan will further help get our fantastic tourism and hospitality offering back to its pre-pandemic position."
The Minister continued: "Despite the undoubted challenges we face, I believe the future of the Northern Ireland economy is bright. My Department's 10X Economic Vision sets out how we will create the conditions needed to position Northern Ireland among the leading small economies in the world.
"In this context, I want to progress the associated 10X skills strategy for Northern Ireland to support more people to improve their job prospects and fulfil their economic potential.
"Furthermore, I will seek to maximise the jobs and investment opportunities that the energy sector presents, as we drive towards a net zero carbon economy through a new Northern Ireland energy strategy.
"And, through the 10X trade strategy, I will work to ensure that Northern Ireland remains an attractive location for international companies to locate, invest and flourish."
The Minister concluded: "I am greatly looking forward to tackling the challenges that lie ahead. Over the coming weeks I will undertake a period of extensive engagement with key stakeholders from across the business community and other key sectors such as further and higher education.
"My message is clear – Northern Ireland is once again open for business, open for investment and open for visitors. Let's work together to build a prosperous economy for the benefit of everyone."
Related Northern Ireland News Stories
Click here for the latest headlines.
16 June 2006
NI economy continues to perform well
A report published today has shown that the Northern Ireland economy continues to perform well. The Northern Ireland labour market is currently benefiting from historically high levels of employment and continuing low unemployment, and the latest figures show that annual economic growth is above the UK average.
NI economy continues to perform well
A report published today has shown that the Northern Ireland economy continues to perform well. The Northern Ireland labour market is currently benefiting from historically high levels of employment and continuing low unemployment, and the latest figures show that annual economic growth is above the UK average.
30 April 2024
Economy Minister Proposes Fracking Ban In Northern Ireland
Economy Minister Conor Murphy has announced his intention to bring forward proposed legislation to ban onshore oil and gas exploration and production in Northern Ireland.
Economy Minister Proposes Fracking Ban In Northern Ireland
Economy Minister Conor Murphy has announced his intention to bring forward proposed legislation to ban onshore oil and gas exploration and production in Northern Ireland.
04 May 2022
'Significant' Increase In Waste Sent To Landfill In NI
The amount of waste being send to landfill year-on-year in Northern Ireland has seen a 'significant' increase, according to latest local authority collected (LAC) municipal waste management statistics published by the Department of Agriculture, Environment and Rural Affairs (DAERA).
'Significant' Increase In Waste Sent To Landfill In NI
The amount of waste being send to landfill year-on-year in Northern Ireland has seen a 'significant' increase, according to latest local authority collected (LAC) municipal waste management statistics published by the Department of Agriculture, Environment and Rural Affairs (DAERA).
28 September 2011
New Builds 'Key To NI Recovery'
It has been reported that house building is key to Northern Ireland's economic recovery. According to John Armstrong, Managing Director of the Construction Employers Federation (CEF) the new build housing sector is one of the key industries that can help turn round Northern Ireland's economic fortunes and create growth and employment.
New Builds 'Key To NI Recovery'
It has been reported that house building is key to Northern Ireland's economic recovery. According to John Armstrong, Managing Director of the Construction Employers Federation (CEF) the new build housing sector is one of the key industries that can help turn round Northern Ireland's economic fortunes and create growth and employment.
11 April 2007
Community Interest Companies for NI
A new type of company, a Community Interest Company, has been introduced in Northern Ireland, following the implementation of new legislation here.
Community Interest Companies for NI
A new type of company, a Community Interest Company, has been introduced in Northern Ireland, following the implementation of new legislation here.
-
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.
