More than 100 of Northern Ireland’s innovative businesses were showcased to more than 100 global investors at the Northern Ireland Investment Summit held 12th – 13th September in Belfast. With more than 100 investors from the USA, Middle East, Europe and Asia Pacific regions in attendance. The Summit marked a significant opportunity to demonstrate Northern Ireland’s innovation and technological strengths across its internationally renowned sectors, including advanced manufacturing, software and technology, financial and professional services, and emerging health and life sciences.
Panel sessions at the event focused on why global investors should choose Northern Ireland with breakout sessions for each of the key growth sectors. In addition, An Irish Goodbye directors and youngest ever Oscar recipients Tom Berkeley & Ross White hosted a session on Northern Ireland’s thriving creative sector.
Companies selected to showcase and speak at the event from the Northwest City Region include FinTrU, TEREX, FAST Technologies, Seagate and AFLO (Respiratory Analytics).
Northern Ireland, boasting a cost-competitive environment, attracted £19.2 billion in inward investment in 2021. This makes it an enticing hub for businesses seeking strategic growth opportunities.
The Investment Summit precedes a substantial Global Investment Summit later in the year. CEOs, investors, and financiers will converge to showcase the entire UK as an optimal investment location. The inaugural event in 2021 catalysed significant investments and job creation in green energy and tech.
A move back to Derry and Strabane isn’t just great for work-life balance; it could boost your bank balance too.
Our cost of living is much lower than in other major UK cities, with the monthly cost of a one-bed apartment, and full-time childcare, both more than three times cheaper than in London.
A monthly bus pass in Derry-Strabane is just a third of what you’d pay in London, and socialising is also more wallet-friendly: a three-course meal in Dublin costs more than twice what it would in one of our LegenDerry local restaurants!
With an average commute time of 30 minutes – compared to 70 minutes in London, and 60 minutes in Belfast – you and your family will have more time to savour the quality of life here: our beautiful beaches, great outdoor spaces, rich culture and friendly people.
It’s no wonder ‘cool, credible, cheap’ Derry was named one of the best places to live in the UK by the Sunday Times – and ranked first for remote working in Northern Ireland, and fourth in the UK.
Major employers think Derry and Strabane is pretty great too. You’ll find graduate roles, high-level jobs and remote, hybrid and flexible working opportunities in sectors including FinTech, software development, life and health sciences and advanced manufacturing and engineering.
There are now three daily flights from City of Derry airport to London Heathrow, and the newly opened A6 from Derry to Dungiven has also made the drive to Belfast quicker than ever.
The £250m City Deal will also give the region another valuable boost of investment, innovation, infrastructure and growth.
There’s never been a better time to come home – but don’t just take our word for it! Check out these money-saving stats:
The average monthly cost of a one-bed city centre apartment is £590 in Derry-Strabane, compared with £1860 in London and £1660 in Dublin
Full-day, monthly childcare in Derry Strabane costs £500 compared with £1,590 in London
A monthly buss pass in Derry-Strabane is more than three times cheaper in Derry-Strabane than in London
Hourly parking will cost three times more in Belfast than in Derry – and 15 times more in London
The average monthly salary in Derry-Strabane after tax is £1,950 – just £98 less than in Belfast
Basic monthly heating costs in Derry-Strabane are cheaper than Belfast, Liverpool, Edinburgh, London and Dublin
(Source: Numbeo Cost of Living Sept 2022)
For more information on living and working in the North West, visit investderrystrabane.com
https://investderrystrabane.com/wp-content/uploads/2018/04/InvestDerry_Strabane_logo_small-003.jpg00Adam Goodallhttps://investderrystrabane.com/wp-content/uploads/2018/04/InvestDerry_Strabane_logo_small-003.jpgAdam Goodall2023-06-27 10:22:372023-06-27 10:22:45Spend less, live better in the UK’s most affordable city
Derry has been hailed as the best place to live in Northern Ireland in a survey by The Sunday Times.
The newspaper praised the city as “cool, credible and cheap” in its annual UK-wide list, highlighting the benefits of “years of investment” and the millions of pounds spent regenerating the town centre.
Judges added: “Younger buyers are moving in, attracted by the city’s brisk outward-facing air and its closeness to the border with the Republic.”
The seaside villages of Ballycastle and Helen’s Bay also made the list of Northern Ireland’s top locations.
Meanwhile, Derry was also named as having the best community spirit in the region, in a survey from the retailer Spar.
The Maiden City came out on top of the NI communities, and placed seventh in the whole of the UK.
Around 64% of those surveyed described themselves as happy living in their community, with 53% of those from Northern Ireland – the highest in the UK – adding that their community gave them a sense of belonging.
https://investderrystrabane.com/wp-content/uploads/2018/04/InvestDerry_Strabane_logo_small-003.jpg00Adam Goodallhttps://investderrystrabane.com/wp-content/uploads/2018/04/InvestDerry_Strabane_logo_small-003.jpgAdam Goodall2022-07-14 19:14:322022-07-29 14:44:23‘Cool, credible, cheap’ Derry named one of best places to live in UK
Derry has been named regional winner in the UK’s Top Towns for Business competition.
Locations across the UK were shortlisted on factors including connectivity, dedicated space, retail space, networks and leadership in the competition, run by Enterprise Nation in partnership with Dell UK and Intel UK.
After a public vote, Derry came out as Top Town for Business in Northern Ireland.
The awards aimed to shine a spotlight on the UK’s towns and cities that nurture entrepreneurial spirit to make a lasting impact on local communities and the economy.
https://investderrystrabane.com/wp-content/uploads/2022/07/Top-town-for-business.jpg5791030Adam Goodallhttps://investderrystrabane.com/wp-content/uploads/2018/04/InvestDerry_Strabane_logo_small-003.jpgAdam Goodall2022-07-14 19:13:412022-07-29 14:45:45Derry voted top town for business
Thousands of manufacturers are set to benefit from a new £50m data innovation hub led by Ulster University.
The Smart Manufacturing Data Hub will support small and medium-sized manufacturers to capture and better utilise data, helping them increase productivity, growth and sustainability.
The hub is available to manufacturers in Northern Ireland before going live for companies UK-wide, supported by 12 delivery partners.
Around 10,000 manufacturers will be assisted in developing, testing and adopting the latest data-driven technologies thanks to the hub, testbed and grant funding; approximately 13,000 jobs are also expected to be supported.
The funding comes as part of the £300 million Made Smarter Innovation Challenge, a collaboration between UK Government and industry to support the development and increased use of new and existing industrial digital technologies, including artificial intelligence and virtual reality.
Pro Vice Chancellor, Research at Ulster University, Professor Liam Maguire, said: “Made Smarter is another important project in the broader realisation of the Derry and Strabane City Deal agenda, further enhancing the attractiveness of investment and driving economic growth.”
Passengers can now fly direct from City of Derry Airport to Edinburgh, on a new service launched by Loganair.
The 55-minute direct flight will run three days a week (Tuesday, Friday and Sunday), with additional Thursday and Saturday flights during the peak summer months.
Among the guests on the inaugural flight in May was Aidan O’Kane, president of Londonderry Chamber of Commerce.
He said: “From tourism to trade, this new route will be a huge boost to the North West economy, strengthening our regional links across the Irish Sea.
https://investderrystrabane.com/wp-content/uploads/2018/04/InvestDerry_Strabane_logo_small-003.jpg00Adam Goodallhttps://investderrystrabane.com/wp-content/uploads/2018/04/InvestDerry_Strabane_logo_small-003.jpgAdam Goodall2022-07-14 18:30:402022-07-29 15:09:28Lift-off for new Edinburgh flight
£50 million data innovation hub at Ulster University to support UK manufacturers to accelerate development of digital technologies
Dedicated grant funding will be provided to manufacturers to implement expert recommendations from data scientists
Adoption of digital technologies such as Industrial Internet of Things and artificial intelligence is key to driving manufacturing productivity, sustainability and competitiveness
UK manufacturers are to have their productivity and competitiveness boosted thanks to a new data innovation hub and testbed led by Ulster University, Industry Minister Lee Rowley announced today (Wednesday 18 May).
The £50 million Smart Manufacturing Data Hub (SMDH) will support small and medium size manufacturers to capture and better utilise their data, helping them increase productivity, growth and sustainability. Businesses in sectors spanning from food and drink, aerospace and many more will be supported to develop, test and adopt the latest data-driven technologies.
Nearly 10,000 manufacturers are expected to benefit from the hub and 13,000 jobs will be supported, helping to boost economic growth and level-up regions across the UK. The hub will be supported by £20 million from the UK government backed Made Smarter Innovation Programme, along with £30 million of business co-investment.
UK Industry Minister Lee Rowley said:
“As we embrace the digital manufacturing revolution, it is vital manufacturers across the UK can capitalise on the productivity and growth gains that come with the adopting the latest data-led digital technologies.
“The Smart Manufacturing Data Hub, backed by £20 million of government funds, will support companies to implement cutting edge production and process techniques themselves, helping bring the next generation of products to our shelves in a more efficient and sustainable way.”
The hub will host an online Manufacturing Data Exchange Platform that will enable companies to submit their manufacturing data and receive recommendations in return, helping to improve their products and processes. A dedicated £5 million fund will then provide companies with grants to make further improvements in areas of critical importance to their business.
Virtual manufacturing testbeds will allow companies to create a “digital twin” to simulate the implementation of digital technology on their own processes, harnessing data from other manufacturers that have already adopted the technologies to encourage investment.
The SMDH will also provide manufacturers with expert analysis of their emissions and energy data from support staff specialising in data analytics and engineering, which will help them target reductions in waste, energy use and ultimately improve sustainability.
Pro Vice Chancellor Research at Ulster University Professor Liam Maguire said:
“Made Smarter provides the opportunity for innovative collaboration that will be transformative in driving industry competitiveness. At Ulster University, we have a strong track record of collaboration; using our research and technology to act as a catalyst for change, innovation and positive economic, social and environmental impact. Made Smarter is another important project in the broader realisation of the Derry and Strabane City Deal agenda, further enhancing the attractiveness of investment and driving economic growth”
The SMDH will first be accessible by small and medium size manufacturers in Northern Ireland in the coming months, before going live for companies across the rest of the UK. The programme will be supported across the rest of the UK by 12 delivery partners, including the University of Cambridge Institute for Manufacturing, Industry Wales and Scottish Engineering.
The funding comes as part of the £300 million Made Smarter Innovation Challenge, a collaboration between UK Government and industry designed to support the development and increased use of new and existing industrial digital technologies, including artificial intelligence and virtual reality.
The challenge aims to deliver a resilient, flexible, more productive and environmentally sustainable UK manufacturing sector. It will also develop new technologies that can be exploited commercially across the manufacturing industry, worldwide.
Today’s announcement builds on the government’s Help to Grow schemes, which are helping smaller businesses to boost their productivity with training and software that is proven to get results.
https://investderrystrabane.com/wp-content/uploads/2021/06/UU-hits-highest-ranking-2-scaled.jpg25601703Adam Goodallhttps://investderrystrabane.com/wp-content/uploads/2018/04/InvestDerry_Strabane_logo_small-003.jpgAdam Goodall2022-05-23 15:04:492022-05-23 15:04:51£50 million data innovation hub for manufacturers to accelerate digital tech
The impressive ecosystem of multinationals based in the North West of Ireland provides the people of the region with strong employment and development opportunities across diverse sectors.
One of the North West City Region’s largest employers, Allstate NI was established in 1998, to provide high quality software and business solutions to support its US-based parent company, the Allstate Corporation. Protecting people from life’s uncertainties with more than 113 million proprietary policies, Allstate offers a broad array of protection products through multiple brands and diverse distribution channels, including auto, home and life assurance.
Employing 900 people across the North West in offices in Derry and Strabane, the region is of major strategic importance to the company. Their Derry office celebrating 20 years in business last year.
Allstate Strabane Office
Based in Buncrana, Co. Donegal, Talent Acquisition Manager, Alan Fletcher explains Allstate’s reasons to locate in the region with “The initial set-up about getting access to a deep talent pool available in the wider city region. The North West has talented individuals who make a great contribution to the success of all our businesses.”
Alan Fletcher: Talent Acquisition Manager
Alan is one of many cross-border workers in the Fortune 100 firm. He along with fellow colleague Maria McColgan, are both natives of Donegal and are part of a growing list of digital professionals who speak glowingly about Allstate and the North West City Region.
Maria speaks about the Allstate experience; “the social aspect of the company was beyond anything I had ever experienced, there is so much inclusiveness here and I felt this also supported my development professionally.”
Maria McColgan: Product Manager (Allstate)
Alongside her role as Product Delivery Manager, Maria is also as an ‘Inclusion Champion’, ensuring training is available for all employees and that everyone is happy coming to work. As well as this, Maria is an advocate for Women in Technology at Allstate, “I feel that as a female in IT that there is so much opportunity for which we need to make the next generation aware of.”
Looking to the future, Allstate aims to keep on top of technological advancements by looking for new talent and skillsets in areas such as Artificial Intelligence, Machine Learning, Robotic Process Automation and Cyber Security.
The company have embarked on an ambitious investment in re-skilling existing employees in these areas and identifying the next generation of talent, through their 3-year graduate development programme.
At least 100 graduate positions are expected to be filled this year with successful candidates being put through a journey of continuous professional development at Allstate, exploring roles in the skillsets identified such as AI, machine learning, production support and product testing. “The talent, skills and connectivity found in the North West is a major draw for Allstate to grow our talent centres,” comments Alan.
The company offers a flexible hybrid working policy, allowing employees to design a work schedule appropriate for their needs, while also helping to achieve the perfect work-life balance.
When touching on their experiences of living and working in the North West, the benefits were clear. Living in Carndonagh and working in the Calayst building in Derry, Maria comments that her commute through Donegal to work is “way more appealing that a 30-minute sit in traffic.”
“I suppose the major bonus is working in a close-knit community that the North West region provides”, Maria concludes.
“For me it is being able to have a global career in a unique location. I have been able to work in both Donegal and Derry for some of the biggest companies in the world” says Alan.
He also delves deeper into the ecosystem of collaboration between multinationals and high-quality educational institutions as Talent Acquisition manager: “I have built academic partnerships with the University of Ulster, North West Regional College and Atlantic Technological University to name a few and it has been great to see exciting job opportunities being created in the North West region.”
“The fact the region has been voted the best place to work in Northern Ireland shows we are heading in the right direction.”
With the MIT Innovators Under 35 Event set to take place in the gTeic @ GaothDobhair this week, showcasing the vast array of talent of young people across Europe and the North West City Region, it’s assuring to see that investment in the talent of tomorrow is fundamental to Allstate’s operations within the region.
https://investderrystrabane.com/wp-content/uploads/2018/11/allstate_toe.jpg260400Adam Goodallhttps://investderrystrabane.com/wp-content/uploads/2018/04/InvestDerry_Strabane_logo_small-003.jpgAdam Goodall2022-05-23 14:44:282022-05-23 14:44:29North West Talent Pool is the Cornerstone to Allstate Northern Ireland’s Success
PwC is opening a space at Ulster University’s Magee Campus in Derry/Londonderry as part of its investment in innovation in Northern Ireland.
The space will house research and development for its £40m Advanced Research and Engineering Centre (ARC), which launched last year in conjunction with Ulster University and Queen’s University Belfast, with support from Invest Northern Ireland.
Through its alliances with government and academia, ARC’s innovation ecosystem is looking to build solutions to complex business problems into the next decade and beyond. This latest collaboration will see Ulster University students and researchers, at the Jordanstown and Magee campuses, work alongside Operate staff.
The new space will be used primarily as a base for ARC staff based in the North West of the country as PwC Operate ramps up recruitment from beyond its Belfast base. PwC Operate will start with four people at Ulster University’s Magee campus, but is looking to establish a larger team as ARC builds out its capabilities.
Ian McConnell, PwC Operate Lead Partner, commented: “We’re delighted to be establishing a presence in the northwest. ARC’s vision includes university postgraduates working on research projects that feed into the software engineering function of ARC, as we develop solutions to our clients’ problems. ARC will continue to be based in our Merchant Square HQ in Belfast, but we’re keen to recruit from as wide a talent pool as possible. To be able to offer opportunities to people across the country is something very close to my heart and I believe fundamental to the success of this initiative.”
Jim Harkin, Head of the School of Computing, Engineering and Intelligent Systems from Ulster University also added: “It is positive for the Derry and Strabane City and District that PwC’s Operate will open an office at Ulster University’s Magee campus. The new office located on the Magee campus reflects the growing interest in doing business in Derry/Londonderry because of the easy access to talented people and innovative research from the Intelligent Systems Research Centre. As we develop research centres for robotics, AI and personalised medicine in the years to come as part of the Derry & Strabane City Deal, we will see more and more companies growing their presence in the North West and creating high-tech jobs.”
https://investderrystrabane.com/wp-content/uploads/2022/04/unnamed.png256512Adam Goodallhttps://investderrystrabane.com/wp-content/uploads/2018/04/InvestDerry_Strabane_logo_small-003.jpgAdam Goodall2022-04-07 14:45:082022-04-07 14:45:10PwC takes new tech space at Ulster University’s Magee Campus
Mayor of Derry City and Strabane District Council, Alderman Graham Warke, this week met with the UK Ambassador for Sweden, HE Mikaela Kumlin Granit during a special visit to the city.The meeting, which was arranged in partnership with the NI Executive Office, was part of a wider visit by the Ambassador to the region.During her visit to the city she met with the Mayor and senior Council representatives to get an overview of the exciting City Deal plans before meeting with the wider City Deal partners and business leaders to discuss a range of issues including City Deal, international students, business and trading issues and the NI protocol.Speaking following the meeting, Mayor Warke said it was a huge honour to welcome the Ambassador for Sweden to the city and give her an insight to some of the exciting plans being developed for the city and district.He said: “It was a huge honour to welcome the Ambassador to the Guildhall so she could hear at first hand the excellent work we are doing to invest and promote our region and also to give her an insight into some of the challenges we face.
The Mayor of Derry and Strabane District Council, Alderman Graham Warke, with Swedish Ambassador Mikaela Kumlin Granit at a reception in the Guildhall.
Photography Lorcan Doherty
She was very interested in hearing about our City Deal investment in research and innovation and how it will really drive and transform our regional economy. The visit was an excellent opportunity for us to promote the work we are doing in termsThis is the second visit by the Swedish Embassy Team to the Derry City and Strabane City Region, where they have met with city stakeholders to learn more about the city region deal and the challenges and opportunities regarding BREXIT and the NI Protocol. The Mayor previously met with Mr. Magnus Stuxberg (Deputy Head of Mission Political and European Affairs) and Mrs Åsa Theander from the Swedish Embassy Team in June 2021.
https://investderrystrabane.com/wp-content/uploads/2018/04/InvestDerry_Strabane_logo_small-003.jpg00Adam Goodallhttps://investderrystrabane.com/wp-content/uploads/2018/04/InvestDerry_Strabane_logo_small-003.jpgAdam Goodall2022-03-03 10:45:582022-03-03 10:46:00Swedish Ambassador meets with Mayor and city business leaders
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