Promote 6,500 jobs through business start, which includes a new Business Start Programme (BSP) focusing on identifying new entrepreneurs with local business start ideas, and facilitating business plans.
Develop, in partnership with Councils, enterprise led initiatives targeted toward increasing the capability of a wide business base, in terms of marketing, management, skills, networking, product development and other key capabilities.
Improve access to Finance
Enable 300 SMEs to access funding through Invest NI’s Access to Finance Strategy. This includes equity through the NISPO, Co-investment and Development funds and debt through the £50m Growth Loan Fund.
Invest NI is also investigating the need for a further small loan fund aimed at micro enterprises as well as SMEs.
Secure the maximum financial and non-financial support available for growing the NI economy by engaging effectively with the European Union to maximise the level/range of EU funding accessed.
Facilitate delivery of the Executive’s 20% target for increased drawdown of competitive EU funds
Develop a European Regional Development Fund (ERDF) 2014-2020 programme to include actions supporting R&D and Innovation, business competitiveness and growth, climate change and environment, telecommunications, energy and transport infrastructure.
MATRIX will conduct an analysis of major future Sustainable Energy Market Opportunities and bring forward recommendations.
Deliver a programme of activities to promote the uptake of resource efficient technologies in local business.
Deliver a programme of activities and support to promote the growth of indigenous businesses in wind, marine and bioenergy supply chains.
Stimulate and attract inward investment related to renewable energy by promoting NI as a European hub in the international market.
DETI / Invest NI
Delivery of an integrated programme of measures to support the development of the land based renewable energy sector encompassing:
Completion of a suite of R&D programmes and projects;
Delivery of a programme of knowledge and technology transfer to the agri-food and rural sectors;
Support for supply chain development; and
Completion of a capital grant investment programme aimed at developing farm and forestry renewable energy from biomass.
Diversification into non-agricultural activities targeting 600 beneficiaries.
Support for Business Creation and Development by supporting 1,200 micro-enterprises, of which 20% should be new.
Encouragement of tourism activities by supporting 300 tourist actions.
Support agricultural business development through participation in the Benchmarking Programme – targeting 1,800 benchmarks and development plans on an annual basis.
Progress the development of the 2014-2020 Rural Development Programme aiming to have a new Programme developed, agreed with the EU Commission and in place for 2014.
Promote business growth through tourism to help increase visitor numbers to 4.2m and revenue to £676m by end 2014 from a baseline of 3.3m and £529m in 2009
Provide financial and other support across government to maximise the opportunities presented by ni2012 ‘Our Time Our Place’ initiative. ni2012 will deliver a number of world class events to provide the shop window including:
Centenary of Titanic’s Maiden Voyage;
Arrival of Clipper Round the World Yacht Race to Derry/Londonderry;
Opening of Giant’s Causeway Visitor Experience;
50th Belfast Festival at Queen’s; and
The opening of the Crumlin Road Gaol visitor and conference centre.
DETI/NITB/TI and Other Departments
Host the World Police and Fire Games (WPFG) 2013, to attract 10,000 competitors and 15,000 visitors from outside NI; 180,000 bed nights over the 10 days of the 2013 WPFG.
Provide financial and other support across government to maximise the tourism opportunities presented by Derry/Londonderry being City of Culture 2013 including:
Develop a Creative industries hub at Ebrington;
Support to double visitor numbers to the City and visitor spend in 2013/14; and
As a legacy of the City of Culture host a significant international event by 2015
DETI / NITB /TI
Successfully host the 2012 Irish Open
Support the skills needs of the tourism and hospitality sector by designating it as a priority area and providing £255,000 to assist 1500 staff in hospitality and tourism achieve the Level 2 World Host qualification.
Modernise the planning system
Legislate to reorganise local government including the transfer of planning powers to councils.
Publish a single, strategic planning policy document which will clearly address how economic considerations should be taken into account within the planning system along with social and environmental considerations.
Deliver faster and more predictable processing of planning applications, including ensuring 90% of large scale investment planning decisions are made within 6 months and applications with job creation potential are given additional weight.
Improve the regulatory environment in NI through the NI Better Regulation Forward Work Programme and key strategic reform initiatives in DARD, DEL and DOE
Establish a Regulatory Reform Group to develop a Simplification & Rationalisation Programme for regulations on the NI statute book.
DETI supported by all Departments
Review the Regulatory Impact Assessment and put in place new guidance for policy makers to support them in making better regulation.
Develop proposals for primary legislation to improve environmental regulation and reduce the regulatory burden on businesses.
Implementation of the DARD Better Regulation Action Plan to reduce the administrative burden placed on agri-food industry.
Carry out research to establish the difficulties faced by SMEs in discharging their employment rights/relations responsibilities and determine what cost-effective support measures can be put in place to address identified challenges.
Undertake a review of Northern Ireland employment law, consistent with Better Regulation Principles, with the aim of ensuring an effective employment law framework which will stimulate business confidence while maintaining the rights of individual employees.
Encouraging Business Growth
Continue to support local businesses to develop linkages with globally competitive companies and research organisations, taking account of the MATRIX market and technology priority areas.
Further develop the Venture Capital (VC) market in NI, by developing ways of increasing the level of investments from externally based VC companies into NI companies.
Develop a 2014-2020 Rural Development Programme (co-financed from the EU) that supports economic growth in NI through measures addressing innovation, knowledge transfer, improved competitiveness and job creation in rural areas.
Support the tourism sector, focusing investment on strategically significant areas including developing the capability of the industry and the quality of the visitor experience and delivering sustained marketing programmes to priority customers with a view to delivering £1bn in visitor revenue and 4.5m visitors by 2020.