Invest NI has said it fears it could miss out on opportunities for inward investment because of public spending cuts. The agency is bracing itself for reductions in its budget over the next few years. There are already plans to trim £6m from its £208m budget.
Invest NI has said it created 4,300 new jobs in 2009, down from 6,500 in 2008. However, Invest NI’s chief executive Alastair Hamilton said as foreign investment dropped due to the economic downturn, Invest NI concentrated more on safeguarding existing jobs. He said as a result last year about 2,200 jobs were were saved compared to 850 the year before. Link Invest Northern Ireland
