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14/04/2008
$150m Infrastructure Investment For NI
The largest ever US public investment in Northern Ireland has been announced by Comptroller of the City of New York, William C. Thompson Jr.
$150 million has been earmarked for the 'Emerald Investment Development Fund LP', a private equity fund that will total some $750 million and will target infrastructure investment projects.
It is expected that half of the $150m will be used to finance energy, waste management, water, property and port projects.
First Minister Dr Ian Paisley and Deputy First Minister Martin McGuinness attended New York for the announcement, which was held in the City Council Offices in Manhatten.
Dr Paisley said: "I want to thank William Thompson and his colleagues for their vision and commitment in putting together this substantial investment package. Their decision to chose Northern Ireland as a place to do business makes this a truly a great day for us and for New York.
"This investment confirms that Northern Ireland has turned a corner. We are now a sound investment location that can provide the right calibre of people and projects to successfully underpin further inward investment, particularly from the US."
Mr McGuinness added: "In June last year myself, the Finance Minister Peter Robinson and a number of my Executive colleagues met with the Comptrollers office and I am delighted that today we have seen the fruits of this engagement.
"This investment comes from the pension funds of ordinary people many of whom are represented here today such as firefighters, police officers, teachers and government employees. It is in effect the ordinary people of the US investing in the future of the ordinary people of the North of Ireland.
"The objectives of our US: NI Investment Conference in May will be best delivered by those investors who prioritise such sustainable economic investment in partnership with sustainable social investment."
(VB/JM)
$150 million has been earmarked for the 'Emerald Investment Development Fund LP', a private equity fund that will total some $750 million and will target infrastructure investment projects.
It is expected that half of the $150m will be used to finance energy, waste management, water, property and port projects.
First Minister Dr Ian Paisley and Deputy First Minister Martin McGuinness attended New York for the announcement, which was held in the City Council Offices in Manhatten.
Dr Paisley said: "I want to thank William Thompson and his colleagues for their vision and commitment in putting together this substantial investment package. Their decision to chose Northern Ireland as a place to do business makes this a truly a great day for us and for New York.
"This investment confirms that Northern Ireland has turned a corner. We are now a sound investment location that can provide the right calibre of people and projects to successfully underpin further inward investment, particularly from the US."
Mr McGuinness added: "In June last year myself, the Finance Minister Peter Robinson and a number of my Executive colleagues met with the Comptrollers office and I am delighted that today we have seen the fruits of this engagement.
"This investment comes from the pension funds of ordinary people many of whom are represented here today such as firefighters, police officers, teachers and government employees. It is in effect the ordinary people of the US investing in the future of the ordinary people of the North of Ireland.
"The objectives of our US: NI Investment Conference in May will be best delivered by those investors who prioritise such sustainable economic investment in partnership with sustainable social investment."
(VB/JM)
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A total of 16 community groups across Belfast have received total funding of just over £1.1m from City Council. The funding boost is being delivered through the £5m Local Investment Fund (LIF), which is part of the council's wider Investment Programme for the city. The move brings the overall amount allocated through the fund to over £2.
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A total of 16 community groups across Belfast have received total funding of just over £1.1m from City Council. The funding boost is being delivered through the £5m Local Investment Fund (LIF), which is part of the council's wider Investment Programme for the city. The move brings the overall amount allocated through the fund to over £2.
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20 community regeneration projects across Belfast have received funding totalling £1.25m from the City Council. The funding is part of £5m set aside for the Local Investment Fund (LIF). Just under £1.3m is earmarked each to the North, South, East and West of the city and a further £490,000 allocated for the Shankill area.
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NI Water Scoops Environment Award
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NI Water has been hailed a 'National Green Champion' by the Green Organisation for its work on the Rural Wastewater Investment Programme – a project designed specifically by NI Water to upgrade small wastewater facilities in villages and hamlets across Northern Ireland where the population is less than 250 people.
26 April 2007
Invest NI announces successful year
Invest NI has announced the most successful year for Northern Ireland with half a billion pounds of new investment commitments backing overseas investment projects every nine working days.
Invest NI announces successful year
Invest NI has announced the most successful year for Northern Ireland with half a billion pounds of new investment commitments backing overseas investment projects every nine working days.
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Northern Ireland WeatherThis Evening and 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.
