In this section, you will find information on the Northern Ireland Economic Strategy.
Economy and Jobs Initiative
On 7 November 2012, the Executive announced a £200million Economy and Jobs Initiative to support people, business and investment.
You can access the Economy and Jobs Initiative at the link below:
A series of Powerpoint slides providing a detailed update on the Northern Ireland labour market are attached at the link below:
Northern Ireland Economic Strategy
On 13 March 2012, on behalf of the Executive Sub-Committee on the Economy, the Enterprise Minister Arlene Foster, published the Northern Ireland Economic Strategy.
You can access the NI Economic Strategy at the link below:
If you would like to receive a hard copy of the document or have any questions, you can contact the Economic Strategy team using the contact details set out below:Economic Strategy Team
Department of Enterprise, Trade and Investment
Belfast BT4 2JP
Telephone: 02890 529478
Fax: 02890 529533
Textphone: 02890 529304
Comprehensive Action Plan
A Comprehensive Action Plan which sets out a more detailed list of commitments to be delivered by Departments in the immediate budget period and into the medium/longer term is attached at the link below:
Economic Strategy Indicators and Targets
The key indicators/goals to be used in monitoring the Strategy during implementation phase can be accessed at the link below:
Current position of NI Economy
A series of Powerpoint slides providing a detailed assessment of the current position of the NI economy and analysis of the long standing structural challenges which are constraining economic growth are attached at the link below:
Response to the Consultation on the Draft NI Economic Strategy
This report provides an overview of the responses received to the consulation. It highlights the main issues raised by a significant number of respondees and how the Executive has responded to these issues within the Economic Strategy.
Draft NI Economic Strategy Consultation Paper – November 2011
The public consultation on the draft NI Economic Strategy ran from 17 November 2011 to 22 February 2012. A copy of the draft NI Economic Strategy can be accessed at the link below:
In total 92 written responses were received during the consultation on the draft NI Economic Strategy. These will be published in full in due course.
DETI Research agenda: Lessons from Best Practice
As part of the DETI Research Agenda 2008-2011, four research projects were carried out to assess key factors behind the success of other small open economies (and regions in large economies) in the areas of competitiveness, innovation and employment. The research projects were:
- Building Economic Competitiveness: Lessons from Small Peripheral European Economies
- Productivity, Innovation and Competitiveness in Small Open Economies
- The Changing Face of Innovation Policy: Lessons for Northern Ireland
- Promoting Investment and Creating Employment among the Economically inactive
The findings from the research projects provide evidence on best practice in economic development from successful small economies which have helped inform the development of the draft Economic Strategy.
The below paper provides a summary of outcomes from the full research programme, and is accompanied by an annex outlining more detailed information on highlighted policy approaches and initiatives pursued by benchmark regions. A copy of the research papers can be downloaded at the link below:
- DETI Research Agenda: Lessons from Best Practice (PDF 34.4KB)
- DETI Research Agenda: Overview of Best Practice Annexe (PDF 152KB)
- Research papers - DETI website
Below you will find a number of background papers relating to the development of the NI Economic Strategy:
- Independent Review of Economic Policy (IREP) Mapping Study (PDF 109KB)
- Implementation of Independent Review of Economic Policy (PDF 110KB)
- Enterprise Minister's statement on IREP 21 March 2011 - DETI website
- Consultation on Priorities for Sustainable Growth and Prosperity - DETI website
- Consultation on Priorities for Sustainable Growth and Prosperity - Summary Response Paper (WORD 47.4KB)