Derry City and Strabane District Council has announced another initiative to help local businesses navigate the current economic difficulties casued by COVID-19.

The 100 Day Consolidation Programme, which is part of Council’s ongoing Business Boost initiative, will provide businesses with their own set of cashflow projections for the next 100 days, that will highlight their short-term cash requirements over this period. This Programme is part-funded by Derry City and Strabane District Council, Invest NI and the European Regional Development Fund under the Investment for Jobs and Growth [2014 – 2020] Programme.

The programme will be delivered remotely and safely using modern technologies. This will allow business owners to participate fully, irrespective of whether they are working from home or from their normal workplace.There are 12 places available for the programme, and the schedule will involve two remote workshops with a step-by-step guide to building a 100 day cashflow projection model for your business, and engaging with key stakeholders like the bank manager, HMRC, customers, suppliers, utilities suppliers, staff etc.

There will also be two and a half days of bespoke remote mentoring for new Business Boost participants or one day of bespoke remote mentoring for previous/existing Business Boost participants to assist them to apply the key learning points to their own business.

Mayor of Derry City and Strabane District Council Michaela Boyle said the programme was an excellent opportunity for local businesses to seek guidance at a difficult time.

”I think what we are all looking for at this time is clarity, and that is obviously particularly important for our local business owners.The 100 Day Consolidation Programme will allow them to develop a clear picture of the extent to which they currently have working capital in their business.It will project with accuracy how the cash position of their business is likely to fluctuate over the next three critical months – and what implications that will have for their business in terms of its survival prospects – and, furthermore, businesses can then identify key steps that they can potentially take to free up cash over the next 100 days. Many small businesses owners have found themselves thrust unexpectedly into a tough position, and we want to help them address this difficult situation as best they can to get positive results for all involved.”

Kevin O’Connor, Head of Business with Derry City and Strabane District Council, said:

“We want to ensure that businesses know what they need to do to optimise their cash position and to then actually take positive steps to make that happen. These businesses are the backbone of our District, and it’s important that they can develop as clear a picture as possible of what the immediate future will look like for them, so they can address and navigate any challenges that may arise.Council’s Business team are working around the clock to provide up-to-date advice, guidance and assistance, and this programme is a great opportunity for our local businesses to seek further direction.”

The Programme will be delivered by highly experienced business consultants who have worked with hundreds of businesses, ranging from micro enterprises to some of the largest companies in Northern Ireland.Eligible businesses must be based in the Derry City and Strabane Council area and employ less than 50 people.

To register, simply contact Jacqui at Full Circle – jacqui@fullcircle.eu.com to express an interest in the programme. The deadline for submission of expressions of interest is Monday 15th April at 12pm. 

North West Regional College (NWRC) has secured a huge €1.6 million of Erasmus+ funding, giving staff and students opportunities to study and work across Europe during the next 24 months.

The funding will be used for staff and students from many of the college’s curriculum areas to travel to partner countries including Germany, Norway, Sweden, Finland, France, Italy and even Reunion Island, and undertake training and development programmes designed around specific curriculum, entrepreneurship, leadership, innovation and creativity.

Staff will also participate in strategic partnership projects collaborating on innovative practices for vocational training and education with a number of key European partners.

Bronagh Fikri, NWRC European and International Projects Officer, said the college was also pleased to announce its success in obtaining the Erasmus+ VET Mobility Charter. Currently held by just 14 organisations in the UK, the charter is awarded to organisations with a track record in organising and delivering high-quality mobility projects.

The €1.6 funding boost was revealed at a special event celebrating the success of the college’s Erasmus+ training mobilities and collaborations across European networks in 2018/2019.

During the event, students who have taken part in a range of different mobilities across the world received awards recognising their various achievements.

A local delegation of commercial, educational and local government leaders have attended a seminar in London to discuss the factors shaping business growth as we enter 2020.

The event, hosted by the Mayor of London’s official promotional agency, London & Partners, brought together leaders in financial and professional services and technology to debate how innovation is reshaping the business environment.

Attendees heard from a panel of specialist industry speakers including Danny Corrigan, CEO, ED&F Man Capital Markets CEEMA Ltd Cyprus, John Healy, MD, Allstate NI, and Brendan Bradley, Co-founder, Seismic Foundry.

They addressed a range of business challenges including Future Technologies and Skills, and the Global View, considering the impact of new megatrends in technology and data.

The event is the latest in a series of networking opportunities reflecting the close local links with the City of London.

Chief Executive of Derry City and Strabane District Council, John Kelpie, headed up the delegation and said he was confident this close collaboration would continue for years to come.

He added: “We want to get across the message that the NW City Region is open for business with an exceptional offering of skills and talent that is second to none.”

The event pre-empted a special visit to Derry by a group from the City of London, led by newly vested Lord Mayor of the City of London, Alderman William Russell.

A Health Innovation Hub promoting innovative solutions to support living well independently has been launched at the North West Regional College (NWRC).

The Design Innovation Assisted Living Centre (DIAL) in the heart of the college’s Strand Road campus, is the first of its kind in Northern Ireland and provides a space where education, business, and the health and social care sector can work together.

The state-of-the-art facility is also home to NWRC’s Academy of Enhanced Care and Clinical Skills providing flexible and bespoke learning for the professional workforce, informal carers, and the community.

Geraldine Lavery, Department Head of Health and Social Care at NWRC, said the DIAL centre will make a significant impact to the lives of local people and their carers who are facing the challenge of living independently at home.

She added: “DIAL is a health innovation hub with a focus to promote collaboration, learning and innovation so that improved practice models and solutions are developed that will support independence and a quality of life for greater numbers of people to live well at home.” 

The opening of DIAL comes with the news that NWRC has been designated as Health & Social Care ‘Curriculum Hub’ for the further education sector in Northern Ireland. As the leadership College for NI, NWRC will lead the HSC sector in curriculum development for Health & Social Care from level 1 to 5.

With a high spec home simulation centre, DIAL will operate as a demonstration centre for solutions to support independence, ranging from specialised equipment, e-health, and smart bespoke digital including Alexa and Eye Gaze. It also contains a dissemination and conference facility with leading edge video/audio capture technology, external live streaming capability, product demonstrations and regional learning networks

DIAL, which launched in November, has been developed by the college in partnership with the Department for the Economy and Connected NI. It also offers advice clinics for clients, carers and businesses, as well as live modelling of design guidelines, standards and principles (e.g. design for dementia).

Around 250 local and international academics, clinical researchers and members of the Life and Health Sciences industry have attended a prestigious TMED (Translational Medicine) conference in Derry-Londonderry.

The event which is now in its 10th year, had a theme of ‘Disruptive innovation in healthcare’, and was opened by Professor Rafael Bengoa, an internationally renowned expert who previously developed a Systems not Structures healthcare strategy for Northern Ireland.

This year, the Clinical Translational Research and Innovation Centre (C-TRIC) celebrated a decade of partnership between Derry City and Strabane District Council, Ulster University and the NHS through the Western Health and Social Care Trust. 

Based on the Altnagelvin Hospital site in Derry/Londonderry, C-TRIC have been instrumental in facilitating healthcare research by bringing together clinicians, academic university staff and industry to achieve better outcomes for patients both locally and internationally.

During his keynote speech at the conference in the City Hotel, Professor Bengoa addressed how Northern Ireland has delivered on his report, which is also referred to as The Bengoa Report.

Global manufacturer Terex has officially opened its new £12m facility in Campsie, which will create 100 jobs locally.

The firm, which makes lifting and material processing solutions, unveiled the 105,000 square foot facility where heavy equipment for Terex Ecotec (waste management and recycling) and mobile conveyors will be manufactured.

Speaking at a reception of over 100 representatives from educational, political and business institutions in the area, Kieran Hegarty, president of Terex Materials Processing revealed that the manufacturer has “ambitious plans for growth” in the future.

“We’ve a fantastic local team now in place and trained in our world-class manufacturing processes. But we don’t stop there. Terex has ambitious plans for growth and just as important as this new facility and filling our current vacant positions is in developing and retaining our people so we have the skills needed to deliver our ambitious growth plans,” he said.

Discussing the new facility, Mr Hegarty added: “As people, businesses and governments become more aware of their carbon footprint we’re seeing enormous growth in demand for environmental equipment globally.

“We’re excited that Terex Campsie has started producing equipment to cater for this market – the type of equipment capable of processing construction and demolition waste or everyday waste from your home – to be exported all over the world.”

Manufacturing at Terex Campsie is underway, with almost 40% of the initial 100 jobs filled. Northern Ireland is a key manufacturing location for the firm, with nine sites in the region and more than 1800 people employed.

Derry City and Strabane District Council Deputy Mayor, Cara Hunter said: “The grand opening today is very good news for our region and reaffirms the North West’s position as a competitive, exciting and innovative place to do business.”

A high-level delegation from Pennsylvania’s Department of Community and Economic Development has visited the North West to engage with local companies ahead of a trade mission to the US.

During the trip, the representatives met with local businesses and visited Ulster University, Letterkenny Institute of Technology and CoLab to explore the opportunities for partnership with education and business centres in the US.

The visit comes just weeks before a trade delegation from Derry, Strabane and Donegal travels to Boston and Philadelphia.

The Mayor of Derry City and Strabane District Council Cllr Michaela Boyle said she was delighted to showcase the city and region for investment and collaborative working.

She added: “The delegates were very impressed with our offering and how well placed we are in terms of offering cost competitive business opportunities in a cross border location, along with high level digital connectivity with a skilled and talented workforce pool.”

John Kelpie, Chief Executive with Derry City and Strabane District Council, said the work being done by Derry City and Strabane District Council and Donegal County Council and its partners to promote the City Region for investment was beginning to gain momentum.

“We are really seeing the benefits of this joined up and positive approach to establish strong economic development links and initiatives between the US and the North West region,” he added.

“The visit by this delegation puts us in a really positive position ahead of our trade mission planned for November.”

Seamus Neely, Donegal County Council Chief Executive said there would be a strong emphasis during the upcoming trade mission on promoting the region’s strategic cross border location to the US market.

“We will also be showcasing our talent, skills and entrepreneurship along with our strong ICT strengths, well established eco system and quality of life,” he said.

The North West City region trade delegation will build on the work done over the past number of years to build strong political, economic and cultural links and to reach out to the diaspora. Key to the visit is the inclusion of local companies to promote the region as an attractive investment proposition and to develop new market and network opportunities.

For more information, visit www.IrelandNW.com #IrelandNW19.

Foyle Port has announced a new record turnover of £10million, with
an operating profit of £1.9million for the 2018/2019 financial year.

Despite uncertainties over Brexit and its effects, this marks the
Port’s seventh year of consecutive growth.

All profits will be reinvested to improve the business and upgrade
facilities.

Recent financial success has allowed the Port to undertake ambitious
capital investment in assets and infrastructure worth £3.5million, which
includes the purchase of a new harbour crane and expansion of the Port’s
landbank to 155 acres.

Foyle Port, which celebrates its 165th anniversary this
year, now employs more than 100 staff, with a payroll total of £4million per
year.

Foyle Port chair Bonnie Anley said: “Over the last year in
particular, there has been ever increasing anxiety about Brexit and its
impacts. Potential change and uncertainty, both locally and nationally has had
to be managed.

“We’ve risen to that challenge and are ready for the outcome of
Brexit in terms of a ‘deal’ or a ‘no deal’ scenario. As a commercial entity, we
have shown that we can be flexible and adapt to the new realities of the
business environment.”

Foyle Port chief executive Brian McGrath added: “We have a strong
balance sheet and are primed for future investment. We are one year ahead of
delivery in terms of our strategic plan, which will give us much need time
before setting the direction of travel for 2020 and the outcomes of Brexit.”

In addition to the Port’s core activity, it has seen growth in its
diversification programme such as the Port’s civil and structural engineering
division, Foyle Consulting Engineers.

A cybersecurity company has announced 70 new jobs in Derry-Londonderry as part of a £4.5 million investment.

Based in the city, MetaComplance develops cloud software for cybersecurity and compliance, providing software solutions and e-learning content to educate employees on the dangers of a cyberattack.

The firm is looking to grow its business into new markets in the US and Europe. The 70 new jobs, which will help develop the cybersecurity learning market via cloud-based solutions, will inject an estimated £1.9 million per year in additional salaries into the local economy.

MetaCompliance chief executive Robert O’Brien said: “Our ambition is to be internationally recognised in our field of expertise. We have seen a rapid global increase in the demand of cybersecurity products and services, particularly since GDPR has been implemented.

Invest Northern Ireland has offered £695,000 of support towards creating the new jobs and market development activity.

John Hood of Invest NI said: “MetaCompliance is already a strongly established business within the cybersecurity sector. The creation of these jobs will build upon its previous success and help the company to expand its presence in the North West, the cybersecurity market, and in new markets.

Invest NI has previously supported MetaCompliance with job creation investment in 2017; management and digital training for employee development; and R&D support for its Voyager and MyCompliance Cloud user awareness cloud solutions. The company is also currently receiving support through Invest NI’s Skills Growth Programme.

North West Regional College (NWRC) has scooped two prestigious awards at the local annual Business Awards.