Newry & Mourne businesses get £2.4m investment

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info@newrytimes.com
Monday, March 21st, 2016
Business, Community
Local businesses in Newry Mourne and Down plan to create 56 new jobs in investment plans totalling over £2.4million. Invest Northern IrelandInvest NI has offered £365,920 of support towards these projects. In the Newry Mourne and Down District Council arera some of the businesses include KFPC Limited based in Newry, which plans to create ten new jobs over the next three years as part of its growth plans. Invest NI has offered £45,750 to support KFPC’s £427,000. Eugene Duffy Construction in Newry is investing £239,000 and creating five new jobs over the next three years as part of growth plans to expand its customer base in Great Britain and Republic of Ireland. FM Environmental in Newry is recruiting two new jobs as part of market development activities to boost export sales. Invest NI has offered the company £34,380 to support its £114,600 investment. Cg3 Systems Ltd in Newry is investing £259,800 and recruiting five new jobs as part of a growth strategy to enhance its presence in Great Britain and Republic of Ireland. Invest NI has offered £22,240 towards the investment. Hurree Limited in Newry is investing £298,000 and creating eight new jobs as part of a three year growth plan to build awareness of the business, particularly in markets outside Northern Ireland. Invest NI has offered £35,500 towards the project. O’Kane Resourcing Ltd in Newry is investing £105,000 and recruiting three new staff in a bid to grow the business outside Northern Ireland. Invest NI has offered £18,000 to support the investment.
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LearnSpark1Praising the commitment of the companies during a celebration event at Invest NI’s Newry office Jonathan Bell said, “The investment activities totalling over £5.8million signals the confidence of 24 businesses who are proactively seeking to grow and succeed in markets outside of Northern Ireland. “This is positive news for the region and demonstrates Invest Northern Ireland’s commitment to supporting businesses in Newry Mourne and Down District Council, Lisburn and Castlereagh City Council and Ards and North Down Borough Council areas. He added, “My Department and Invest Northern Ireland will continue to work with the councils across this region to encourage further growth among local businesses and help to make a positive impact on the lives of those in these communities.”

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