New Lord Mayor of City of London renews ties with Derry and Strabane

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The newly inaugurated Lord Mayor of the City of London, Alderman Michael Mainelli, was in Derry and Strabane last week to explore the challenges and the opportunities for advancing trade, investment and civic connections for the two cities.

The 695th Lord Mayor and his delegation were welcomed to the Guildhall by Mayor of Derry and Strabane, Councillor Patricia Logue, who was joined by Council Chief Executive John Kelpie and senior officers to discuss priorities for the City Region.

Northern Ireland is his first visit as Lord Mayor, and Alderman Mainelli took part in a number of local engagements including a visit to Foyle College and lunch with local business leaders hosted by the Chamber of Commerce. He also took the opportunity to meet with representatives of the International Regulatory Innovation Supercluster (IRIS) including Atlantic Technological University, Catalyst, Donegal County Council, Ulster University and the Council. 

Elected annually, the Lord Mayor of the City of London is an international ambassador leading overseas business delegations to key international markets on behalf of the UK’s financial and professional services industry. He also heads up the City of London Corporation, the governing body of the Square Mile dedicated to a vibrant and thriving City.

Derry and Strabane retains strong connections with the City of London and London Corporation, developed over recent years, with shared interests in the areas of Financial and Professional Services, technology, tourism and culture.

Welcoming the new Lord Mayor to the City, Mayor Logue said their meeting had been an opportunity to discuss building the ties that can generate growth in both our regions.

“The meeting with Ald. Mainelli was a great chance to discuss progress to date and our priorities going forwards,” she declared.

“The City of London is a global leader in the Financial and Professional Services sector. Our meeting today offered a platform to discuss some of our recent success stories, including the announcement by one of Ireland’s fastest growing fintech companies, FinTrU of plans to invest over £20m creating an additional 300 new jobs in Derry.

“As a Council we are committed to developing strong international business links, and will continue to explore opportunities for future investment and growth, building on the fantastic work that has already been done to develop our key industries, the emerging fintech cluster here, as well as shared interests in innovation, education and climate action.

During his term in office, Ald. Mainelli had pledged to promote his Theme of Connect To Prosper. This initiative is focused on harnessing the City of London’s vast knowledge ecosystem and will bring together thought leaders from the scientific, academic and business worlds to demonstrate the City’s strengths in solving global challenges.

On his visit he said he would continue to explore new avenues to collaborate with Derry and Strabane and opportunities for closer alignment between the City Region and City of London.

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US Envoy leads delegation to North West

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A senior business delegation led by US Special Envoy to Northern Ireland for Economic Affairs, Joseph P. Kennedy, III, visited the North West in October 2023 as part of their wider Northern Ireland itinerary.

Press Eye – Belfast – Northern Ireland – 26th October 2023 Photo by Phil Magowan / Press Eye

They were hosted by the Mayor of Derry City and Strabane District Council Cllr Patricia Logue to a Business Lunch at the Guildhall that was attended by over 40 delegates from the U.S., local partners and stakeholders including representatives from Ulster University, the North West Regional College, Londonderry Chamber of Commerce, City Centre Initiative and the neighbouring Donegal County Council.

A significant number of globally focused local businesses and international investors who are located in the NorthWest region were also in attendance alongside Jayne Brady, Head of the Civil Service and representatives from the U.S. Department of State and Invest NI.

Mayor of Derry City and Strabane District Council Cllr Patricia Logue said she was delighted to welcome the delegation to the Guildhall. She said the visit was an important occasion for the North West region to promote and sell its compelling and unique investment opportunity.

She said: “This high-profile delegation offered us an opportunity to promote the NorthWest region’s unique location as a cross border city region with access to both the EU and UK markets, with a dynamic talent and skilful population thanks to our strong university and further and higher education provision and our unique approach to developing a skilled workforce for business. We were also able to promote the flexibility of our people, our rich culture and heritage and the quality of life for people living here.

“The focus of the business lunch was for U.S. investors and local NorthWest businesses to engage in ideas and experiences and to showcase our rich tourism, culture and heritage and unique business offering. The delegation was impressed by the strong collaboration and partnership that exists between all our business sectors and the supportive environment that is available here for investors.”

The event was an opportunity for companies from a diverse range of sectors including Fintech, digital, creative, advanced manufacturing and life and health sciences to network and engage with one another.

In addition to getting an update on the region’s City and Growth Deal and wider strategic projects from Derry City and Strabane District Council’s Chief Executive, the delegation heard contributions from a range of US companies who have invested in the area such as Seagate and Allstate NI, as well as from local leading businesses like NuPrint, FAST Technologies, Alchemy and Access Elemental, before taking a tour of the Guildhall and viewing the John Hume Nobel Peace Prize and a walking tour of the historic City Walls and the Peace Bridge.

The Mayor concluded that the visit reflected the continued commitment of Special Envoy Joseph P. Kennedy III to showcasing the North West as an attractive location for US investors

The delegation arrived in Northern Ireland on October 24 for a number of days to meet local business leaders, established US investors and politicians and took time visit key tourist attractions.

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Ulster University’s Talent Hub Grand Finale Showcases Next Generation of North West Leaders in Style

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Over 100 students and employers took part, pitched for placements and event featured a live podcast hosted by Caroline O’Neill, founder of DiggforSuccess with FinTrU’s Executive Director, Greg McCann.

Ulster University Business School celebrates the next generation of North West leaders who successfully completed the 2023 Talent Hub, concluding the programme in style with a Grand Finale event at the Great Hall at Derry~Londonderry campus this week.

‘Talent Hub’ is an innovative initiative, co-designed with key industry partner FinTrU and in collaboration with The Londonderry Chamber of Commerce, aimed to connect talented students with local employers to help them foster professional networks, whilst committing future talent to the North West region.

Nearly 100 Global Business and Enterprise students participated in a series of four co-designed workshops, collaboratively created between Ulster University Business School and North West businesses. These workshops equipped students with essential skills, knowledge, and networking opportunities, enhancing their potential employability and ensuring skill alignment with employer needs in the working world.

As part of the event, the ‘Pitch for Placement’ segment saw the business students showcasing their talents to a captivated audience of over 20 local employers and business leaders such as FinTrU, Alchemy, Fujitsu, Kainos, Deloitte and Bio Ledger, from the North West region and beyond, all contending for the opportunity to secure a 12-month work placement within these organisations.

Throughout the Talent Hub series, students honed their personal and organisational awareness. The workshops emphasised active learning and applied skills, encouraging authentic engagement with business leaders to meet the agile demands of today’s working world. Students also had the chance to visit FinTrU’s newly renovated Patrick Street office, gaining first-hand experience of corporate culture, and developed communication skills during an interactive round table networking event.

At the event, Caroline O’Neill, founder of DiggforSuccess, hosted a live podcast with FinTrU’s Executive Director, Greg McCann, discussing company culture, collaboration in the North West, and ways businesses can elevate the profile of the next generation of leaders.

Caroline spoke of her collaboration with The Talent Hub:

“It is so exciting to work with the Talent Hub and see first hand how a difference is being made in the lives of students by training them with the skills needed to nurture their talents and improve their confidence and self belief. I truly believe the impact that the Talent Hub has will have a ripple effect for years to come as students embark on life outside of university in the world of work.”

Dr Aisling Reid, Lecturer in Business Enterprise at Ulster University and founder of The Talent Hub, said:

“I am so proud of what the Talent Hub has become through co-design and support from local employers. It plays a core role in the North West talent pipeline, connecting future talent with established leaders. By building strong partnerships with North West businesses, we are aligning to business needs to develop agile students with professional confidence. The Talent Hub has become a community with a sense of belonging. Together we are celebrating and harvesting talent in the North West region. We have exciting plans to develop the concept further.“

Ulster University student Aoife McCloskey shared her thoughts following completing Talent Hub:

“I am so grateful to have had this opportunity. It has given me a hands-on approach, encouraging me to step out of my comfort zone whilst remaining in a safe environment. It opened my horizons to various businesses I wouldn’t have previously been familiar with and at the same time allowed me and other students the opportunity to make some incredible networking connections that will help us when gaining placements- an invaluable experience and opportunity.”

Greg McCann, FinTrU Executive Director said:

“FinTrU are delighted with the work of the Talent Hub and the partnership with UU. The nurturing of graduate talent is essential for FinTrU’s growth plans and it is fantastic to be involved with this innovative initiative in the North West. It is a great example of what University/Business partnerships can deliver to help grow the NW economy.”

Senior Talent Partners at FinTrU, Keith Toland and Erin King added:

“The Talent Hub has provided FinTrU a platform to foster an interest for Financial Services in the North West region whilst positively influencing and supporting the employability of local graduate talent at Ulster University. We commend the students on their ambition, enthusiasm, and participation throughout the workshops and have welcomed their applications for our 2024 Placement Programme. We look forward to continuing our relationship with Ulster University and the Talent Hub.”

Anna Doherty, CEO of The Derry/L~Derry Chamber of Commerce said:

“The Derry Chamber is delighted to work so closely with Aisling and her team on the development of Talent Hub, especially at a time when growing skills and a sustainable talent pipeline has never been more important for business. The Talent Hub is a key initiative from UBS which brings businesses and students together to learn from each other. We look forward to continuing this collaboration to support a thriving Northwest economy.”

Local businesses are encouraged to get in touch with Dr Aisling Reid, Ulster University  to get involved in the next ‘Talent Hub’ taking place in 2024 as we grow our reach and impact in the North West region.

Email ar.reid@ulster.ac.uk to find out more.

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Spotlight Interview – Brendan McNabb, CCO of Lithe

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Spotlight interview – Brendan McNabb, CCO of Lithe

Brendan McNabb is Chief Commercial Officer at Lithe, a global intelligent automation software company. The firm, which counts some of the world’s biggest brands as customers, has a base in Brendan’s hometown of Derry in addition to a Glasgow headquarters.

Brendan has more than 20 years’ experience in the IT industry; before setting up Lithe with two former colleagues in 2014, he completed stints with local software company Singularity, and the California-based multinational Kofax. He now lives in Derry with his family.

What does an average work day look like for you? 

I’m not sure there is such a thing as an average day anymore! In my role, even the best laid plans seem to get disrupted on almost a daily basis. That said, an average working week for me usually involves some home-based working, lots of remote meetings and video calls with colleagues and customers, an in-office day meeting with my team to catch up on plans and priorities, and regular overseas trips to meet with existing and prospective customers in the UK, EU and US.

Why did Lithe decide to set up a base in Derry?

Having spent more than 20 years working with colleagues, customers and partners across the globe, I have a great appreciation for the talent we have here in Derry and the North West. There is a very strong heritage here in the products and services that Lithe specialise in, so I was keen to build a strong team around me here to support our growth plan. We have around 10 people in Derry of a total team of approximately 35.

Most of our staff here are hybrid working, and the feedback has been overwhelmingly positive in terms of its impact on work-life balance. Certain elements of the job still require in-person working, such as meeting with customers or partners, and we have regular in-office days for our various teams, to maintain the human side of those relationships.

What makes Derry and the North West attractive to investors?

Derry has so many amazing assets which make it a very strong proposition for investors. A lot of these are very well documented – its location as a key gateway to both UK and EU markets, a university city with a top-class talent pipeline, a strong established base of companies and investors across a range of sectors, and a rich culture and heritage, among the best in the world. The common thread through all of these are the people. Having worked with thousands of people on a number of levels around the world, the people of Derry possess a fiercely strong work ethic, resilience and creativity; all of which contribute to a highly skilled and competitive workforce.

Your work involves a lot of travel. What do you miss about home when you’re away?

I love visiting new places, especially big cities, but I’m at my happiest surrounded by friends and family in Derry and Donegal. Derry is a wonderful city to call home and a brilliant place to bring up a family. There has always been great community here and Derry people have a natural kindness and empathy towards each other which creates a real sense of belonging. So, although I could list out quite a few things that I love about home – the restaurants, pubs, schools, a packed Brandywell on a match night – at the heart of it all are the people.

What message would you give to people considering a move back to the North West?

I love seeing people moving back to Derry to set up home. The world post-pandemic has become a much smaller place and it is now much easier for people across a wide range of roles and industries to work from their preferred destination. Even for those jobs which require a regular commute to the rest of the UK, Derry is very well connected to major UK cities, as indeed is Belfast International Airport. We have some stunning landscapes and coastlines – you’ll regularly find me coasteering with my friends and family all year round, or floating in the freezing Atlantic off the Donegal coast. We also have a relatively low cost of living compared to other large cities, so it’s a great place for young people and families to put down some roots.

What next for Lithe?

We’re in the midst of some really exciting developments. Our core document processing software product has continued to go from strength to strength and in the past couple of years we have added some more stellar logos including Deutsche Bank, Amazon, Zurich, BNY Mellon and Sainsbury’s to a long list of amazing companies using our product. We continue to invest in our technology and our people as we see this growth trajectory continue across the globe. We have also been embracing many of the exciting innovations in the technology market, including AI and working with our customers and partners to help them realise the amazing benefits these present. It’s a very cool time to be in the IT space, with so many fast-moving technological advancements and high-growth opportunities. Lithe are delighted to be right in the epicentre of it all and I’m very excited about what the future holds.

litheit.com

If you’re interested in moving back to the North West, check out the companies recruiting and explore what the region has to offer at https://investderrystrabane.com/worklife. Your journey home starts here! 

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FinTrU named in The Sunday Times 100, Britain’s fastest-growing private companies

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FinTrU has been listed in The Sunday Times 100, Britain’s fastest-growing private companies

The Sunday Times has named FinTrU in its list of Britain’s 100 fastest-growing companies. The list celebrates and applauds Britain’s 100 leading entrepreneurial business, shining a light on the people leading these private companies.


FinTrU Founder & CEO, Darragh McCarthy, said: “To be recognised in this list is a huge achievement for every one of us at FinTrU, and something which we can all be proud of. It’s testament to the hard work every FinTrU employee puts in across the organisation, from here in Belfast to our offices in Porto.”

FinTrU placed 78th in the list and is also the only Northern Ireland headquartered company to feature.

The Sunday Times Business Editor, Jim Armitage said: “The founders of these exciting businesses are vital job creators and innovators. The top 100 performed exceptionally during the pandemic and are proving resilient in the face of inflation, higher interest rates and a weaker domestic economy.”

The complete The Sunday Times 100 2023 list can be viewed here.

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President Clinton: “Harness the spirit of hope and possibility for a prosperous future”

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President Willian Jefferson Clinton has paid tribute to the late John Hume and David Trimble at an event in the Guildhall, Derry/Londonderry, hosted by the John and Pat Hume Foundation.

The Hume and Trimble families were in attendance to receive the awards, in front of an audience of over 400 people, including local school children.

The event, “Making Hope and History Rhyme”, brought together artists including Derry born Neil Hannon, from Divine Comedy, young Derry singer Roe, Phil Coulter and Tim Wheeler, from the band ASH who played at the historic YES gig in 1998.

Other contributions included readings from Nicholas Trimble, son of the late David Trimble, and a poem from Rachel Hume, granddaughter of John Hume.

Speaking at the event, President Clinton said:

“When I visited Derry/Londonderry over 25 years ago I was struck by the spirit of hope and possibility that lay ahead for the people of this beautiful city. And 25 years on, I know that the spirit of co-operation and ambition, epitomized by the great artists that came together to support John Hume and David Trimble back in 1998 remains as strong as ever.

“We should not underestimate how far the people of Northern Ireland have come; just as we shouldn’t underestimate how much further we have to travel.

“Peaceful change comes from commitment and leadership. While political leadership is hugely important, I have had the honour of meeting incredible people across communities, business and civic society who are working for a better future.

“Today, I want the great people of this city to know that I continue to support them in this journey to a better, more prosperous future.”

(Photo – Tom Heaney, nwpresspics)

Mayor of Derry and Strabane District Council, Sandra Duffy said: “It is a hugely proud moment for me as Mayor to welcome President Clinton back to Derry to mark this important milestone in our history and to acknowledge the pivotal role played by everyone involved in to securing peace for our city and across the North.

 I know that Derry has a very special place in President Clinton’s heart and it is a huge accolade for us to have him return to Derry –  to a city that has benefited from a better future –a city that is vibrant, welcoming and inclusive, its people filled with hope and confidence for the future.”

(Photo – Tom Heaney, nwpresspics)

Secretary of the John and Pat Hume Foundation, Tim Attwood said:

” President Bill Clinton’s words remind us of the incredible courage demonstrated by John Hume and David Trimble in delivering on a peace process that ended 3 decades of violence.

“25 years on we need to encourage and inspire young people in promoting new leadership for peaceful change, inject new momentum into our politics and ultimately, ensure that  the future of this region reflects the hopes and aspiration of  the next generation.”The event is supported by EY.

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Spend less, live better in the UK’s most affordable city

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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

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Local firms honoured at North West Business Awards

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A much-loved Derry bookshop has been crowned Business/Entrepreneur of the year at the North West Business Awards.

Little Acorns Bookstore, located on Foyle Street, took home the final award at the annual ceremony, which recognises and celebrates the achievements of local businesses.

Among those who paid tribute to Little Acorns and its proprietor, Jenni Doherty, on the night were Derry Girls creator Lisa McGee.

“Creative writers inspire each other and drive our imagination. Most successful films come from books and the existence of independent book stores keep literature alive and are cornerstones for communities,” she said.

“Without places like this, many would not get the opportunity or confidence to create and inspire, and that is a catalyst to successfully making films and TV programmes that can promote our city and drive its economy.”

Other winners on the night included Find Insurance, named Small Business of the Year, retailer Ferry Clever, awarded Best Retailer and Best Use of Marketing and Social Media, and Best Western Plus White Horse Hotel, named Best Hotel and Best Restaurant.

Enterprise NW Team
Ethical Weigh
Ferry Clever
Find Insurance
White Horse Hotel Team
FinTrU NW Team
Alchemy Technologies Team
JACE Team
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Taoiseach meets NW Development Fund

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The Taoiseach Micheál Martin has visited Derry to discover the positive impact the North West Regional Development Group is having on regional growth.

Attendees at the Guildhall meeting were updated about ongoing work between Derry City and Strabane District Council, Donegal County Council, regional strategic partners and central government to deliver economic growth, investment and environmental and social cohesion for the region.

Senior council and government representatives discussed with the Taoiseach a range of regional priorities and options for scaling up co-operation and development work on both sides of the border.

Delegates heard how, with the Irish Government’s continued support and North-South co-operation, the cross-border North West City Region can boost innovation, create jobs and contribute to a sustainable, balanced regional economy on the island of Ireland.

Members re-emphasised to the Taoiseach the Irish government’s role in supporting efforts to improve road, air, rail and sea connectivity of the region and in supporting sustainable ‘green’ growth.

Chief executive of Derry City and Strabane District Council, John Kelpie, said the meeting highlighted both Councils’ shared goals.

He added: “Whether it is in education, business or tourism, the two Councils and Government are working collaboratively to ensure what we achieve is sustainable and brings benefits and opportunity to everyone.”

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North West Talent Pool is the Cornerstone to Allstate Northern Ireland’s Success

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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. 

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