29 October 2018

  |  CBI Northern Ireland

Press release

CBI NI responds to Belfast City Deal announcement in Budget 2018

CBI Northern Ireland has responded to the Chancellor's commitment to a Belfast City Deal. 

CBI NI responds to Belfast City Deal announcement in Budget 2018

Angela McGowan, CBI NI Regional Director, said:

“While it’s clear that the Northern Irish economy continues to face many challenges, not least Brexit uncertainty and inadequate access to people and skills, today’s Budget does offer a further £320m for public expenditure and support for the Belfast City centre after the Primark fire.”

“While the Belfast City Deal represents a sizeable investment which should help to accelerate local economic development, create jobs and boost innovation in growth sectors, there will be some disappointment that it didn’t reach the £450million expected. Nonetheless, the government’s commitment should give confidence to other similar proposed City Deals in the North West which could play a big role in attracting investment and talent to Northern Ireland.”    

A wider CBI response to the Budget can be accessed here: http://www.cbi.org.uk/news/budget-brings-more-treats-than-tricks/