Value for money, a co-operative, skilled and enthusiastic workforce keen to view investors succeeding, have aligned to generate Northern Ireland a beautiful option for both public and private sector relocations. It is really an equalling appealing choice for the level of internationally mobile, high skills level those who are considering moving.

This region, once marred by its reputation political instability and violence, is creating a new designer appeal. It is beginning bring in the sort of internationally mobile, high level of skill businesses and entrepreneurs that it seeks to construct a much more positive future.
Invest Northern Ireland, the area enterprise agency, points out which it aids to secure annual investments well over ?150 million, well across the level one might expect for the population of just 1.7 million people. It's a persuasive combination which has encouraged many investors for example Halifax, Regus, Prudential along with a network of national government benefits offices to establish and grow significant back office operations in the area.

Why has it been so successful? One very clear reason may be the price of prime a workplace. In Belfast, the rental figure is just ?12.50/$24 per sq . ft . against, for instance, Glasgow's ?22/$41 or Birmingham's ?28/$52. Wages, too, are lower by about nine % normally and Watson Wyatt research reveals that a senior programmer costing $120,000 in The big apple or San fran and $105,000 london will surely cost just $70,000 in Belfast.
For young graduates, the space could possibly be just as much as 29 per cent while for more senior staff, it could be even wider. From your perspective of incoming labour, it's not necessarily a disincentive considering that the expense of property, telecoms and travel are lower as the quality of life is very useful.
Operating costs and sick leave absence run at 'abnormal' amounts too. Northern Ireland also enjoys a great historic record in industrial relations terms with strikes and associated activities a rarity.
Public sector incentives will provide appropriate training and incoming companies can anticipate considerable support in up-skilling staff over the Training and Employment Agency.

Inside a world where the quality of the labour force has become a lot more important, Northern Ireland excels. The workforce is younger than the other UK with almost 60 per-cent younger than 40 and the exceptionally high standards within the education system give a strong pool of available talent. Northern Ireland's schools boast to the next stage of university entrance than anywhere else in the UK with 60 per cent of faculty leavers achieving two A levels at grades A to C.

Innovation, education and dynamism will be the key strengths. There two major universities spread across several campuses from Belfast to Londonderry and Coleraine. The Queen's University of Belfast is much older and something from the original four universities for the island produced by the Belfast-born architect Sir Charles Lanyon in 1845. Its intention then ended up being encourage degree for Catholics and Presbyterians as a counterpart to Trinity College in Dublin. Inspire a centre of excellence in the humanities and Science as well as new technology and cutting-edge computer development.

The University of Ulster grew out of your Ulster Polytechnic, established during the 1970s, now carries a superb reputation over the fields of business and new technology.

Both institutions have globally recognised research centres across a complete variety of disciplines, and are spinning out products, services and inventions for which there's a keen commercial market. These are aggressively capitalising on these opportunities.



Technology transfer is the main element driver in relation to relocation: knowledge based sectors accounted for 76 per-cent of most foreign direct investment recently. Call centres and make contact with centres are flourishing - global blue chip names such as Microsoft, Oracle and Yell have a presence, as well as other world class publication rack contained in sectors including engineering, health technology and aerospace.

Another key sector earmarked for further growth is tourism. A conclusion to ongoing political violence presents a good start to have an industry that struggled seriously under the pressure of relentless news reports depicting bombs, shootings and street violence. Yet Northern Ireland has a wonderful variety of coast and country, city and hamlet, mountains and lakes.

The re-emergence of tourism has yet again opened up Northern Ireland to the world. Guests are astonished by the variety of its beauty, from your Glens of Antrim on the Fermanagh Lakelands so beautifully depicted from the art of TP Flanagan. There is the fabulous walking and climbing in the peaks of the Mourne Mountains spread across County Down generating iconic because traditional song by Percy French, Oh Mary this London's an awesome sight, With others here working during the day by night...but also for everything that I came across there, I may at the same time be where the Mountains of Mourne sweep into the ocean." A tremendous quantity of decisions on relocation are already taken after senior executives of companies have learned to start to see the total well being on their own.

Business infrastructure can also be excellent. Any knowledge economy depends on telecommunications as its backbone, and Northern Ireland is now able to boast 100 % broadband coverage. Across the border from the Republic, telephone services are nevertheless viewed as being second class. This is correct considerably more from the perception when compared to the truth, but old habits die hard cheap Northern Ireland is universally wired for online access makes an unique business advantage.

Needless to say, not my way through the backyard is rosy. Communications between north and south are great - the trip from Belfast to Dublin takes pair of hours approximately by road and there are trains every half hour - along with the Republic has grown to be an economic powerhouse recently. Blue chip names which have invested south in the border include Microsoft, Google and Dell, and the Dublin government provides incentives such as a low rate of corporation tax, that this north, with tax rates set with the UK Treasury, cannot match. The Republic is also in the Eurozone that's seen by inward investors as a distinct advantage, including as it virtually eliminates transaction costs.

Facing these challenges, Northern Ireland is now more going to succeed. There is better co-operation between south and north now, specially in areas such as technology and tourism and pragmatism sometimes dictates an all-Ireland approach is most suitable.

The region of eire has fairly perceived, like Scotland, as peripheral to Europe. It becomes an unfair perception since there are good air connections from Belfast and Dublin plus needless to say frequent ferry connections through the Channel and also to the UK mainland. Destinations throughout Europe and direct flights towards the States make Ireland no longer difficult than any place in great britain to visit and from.

in relative terms, Northern Ireland is a pretty small area, making up of a sixth in the whole island or 14,139 sq km. Its diminutive size brings by it certain advantages - there exists less traffic and much less congestion, for instance, as well as more open areas and unspoilt country and coast. Roads are good, the house companies are booming however affordable and the selection of leisure and shopping options is excellent.

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