£400m expenditure = 5000 lost jobs

The latest performance report of Invest Northern Ireland has shown that despite £400m of investment underpinning further investment of £1.5 billion, a 12.5% growth in exports, 70% of clients developing their products, 8,800 individuals offered support for new businesses and a growth in entrepreneurship, the total number of people employed by INI clients dropped by almost 5,000. The drop was blamed on the decline of INI clients in the manufacturing sector, particularly textiles. Full report here.

Leslie Morrison, the Chief Executive of INI, said:
“Invest NI cannot take credit for all the positive consequences associated with our activities, just as we cannot take full responsibility for addressing all of the economic difficulties faced by Northern Ireland.”

Surely a quote to remember when they have good news to report.