Invest NI report confirms need for root and branch reform

Sinn Féin MLA Ciara Ferguson has said the Invest NI review report confirms the need for fundamental change within the organisation.

The Foyle MLA  said: “For years Sinn Fein has pointed up Invest NI’s failure to promote regional economic development and its focus on a golden circle of client companies. 

"I welcome the publication of the report by the Invest NI review panel. It clearly makes the case for change within Invest NI and in how the organisation does business. 

"Invest NI has failed over many years to effectively create jobs, boost productivity and investment outside Belfast. During the pandemic it was found wanting in providing practical support to businesses.

"It is clear there is a need for fresh political leadership within the Department for the Economy to reform Invest NI and create a productive, sustainable, regionally balanced economy with good jobs.

"The local economic development agency needs to work to support indigenous businesses including local start-ups, small and micro-businesses, and entrepreneurs, alongside attracting inward investment on a more strategic basis."