Northern Ireland- Key Facts
Total Page：16
File Type：pdf, Size：1020Kb
Key Facts Our Credentials Northern Ireland is Northern Ireland is Over 1,100 international the world’s top region the #1 international investors and a multitude for FS technology investment location for of investors from the rest inward investment. US cyber security firms. of the UK have chosen to (Source: fDi Markets FT 2020) 2003-2020 (fDi Markets FT 2020) 2014-2020 locate in Northern Ireland. Belfast is Europe’s leading Northern Ireland is one of Over 70% of new inward FDI destination for new Europe’s most Business investors reinvest in software development. Friendly Regions of its size. Northern Ireland. (Source: fDi Markets FT 2020) 2003 - 2020 (Source: fDi European Cities & Regions of the Future, 2018/19) Belfast, Co.Antrim Education & Skills Government working with Industry & Academia Delivering higher level skills Ulster University, Queen’s University Belfast, Co. Antrim Magee Campus, Derry ~ Londonderry and research capabilities in priority areas. Assured Skills Programme Queen’s University Belfast Ulster University Assured Skills helps • CSIT (Centre for Secure • The Intelligent Systems ensure potential investors, Information Technologies) Research Centre at Ulster and existing employers is the UK Innovation & University is one of the considering expansion, that Knowledge Centre (IKC) globally recognised ICT the skills they need for their for secure information related university research business can be found in technologies. centres in Northern Ireland. Northern Ireland. Faculty of Medicine, Health and Life Sciences, 1st in the UK for In the top 3% of Queen’s University Belfast, Co. Antrim entrepreneurial global universities impact Source: QS Graduate Employability Rankings In the world’s top 150 Academy Model The popular Academy 2020 young universities Model has been used in If a company, or a areas such as: consortium of companies, identifies a skills need, • Data Analytics Queen’s University Belfast and Ulster University both bespoke training can • Human Resources have fully functioning educational trading rooms. be developed which is typically delivered by a • Software Development Ulster University’s Legal Over 700 PhD places local college or university. Innovation Centre is the first strategically directed NI’s Department for the • Software Testing of its kind in the UK. at areas of economic Economy meets most • Cyber Security relevance. of the costs. Masters programmes include • Financial Services Smart Grids and Cyber Security. Workforce First degree attainment One of the youngest populations in Europe 54% Highly educated, skilled, Postgraduate English speaking attainment workforce with a strong Ulster University, Coleraine Campus, Derry~Londonderry and loyal work ethic. 35% of Northern Ireland’s workforce Queen’s University Belfast, 53% is under 40 years old. Co. Antrim Northern Ireland is the top In 2019, 84.8% of Northern 80.6% of graduates Students at NI higher region in the UK for Ireland students achieved received a first class or education institutions educational attainment. the three top grades in upper second class obtained 17,275 A-level exams, compared to honours degree. qualifications - 54.3% Northern Ireland is 75.8% in the rest of the UK. obtained a first degree 77% of high school consistently the top and 35.4% obtained a performing region of the graduates (post A-Level) Source: Joint Council for Qualifications - postgraduate qualification. UK at GCSE and A-level A, AS and AEA - Results Summer 2019. go on to further and higher examinations (equivalent education compared to Source: DfE - Qualifications gained at UK Higher Source: Department for Education - Education Institutions: Northern Ireland to high school diploma). Education and Training Statistics for the the UK average of 71%. Analysis 2018/2019 United Kingdom 2019 Fiscal Environment 19% Corporation tax And Invest NI can offer: ‘Since our original investment we have been continually Research & Development • Financial support impressed with the contribution our Belfast office has made • Patent Box in supporting the delivery of high quality legal services to Corporation tax of 10%. • Technical and advisory Allen & Overy’s international client base.’ support, including • R&D Tax Credits assistance with: Andrew Brammer, IT & Shared Services Director, Allen & Overy 12% HMRC R&D Expenditure Credit. • Property search ‘Northern Ireland is at the right price point when it comes For every £1 spent on R&D, real • Talent sourcing to delivery, quality and cost, and, although the cost is nice, cost to company can be 43p. • Operating efficiency the most important thing that still makes Northern Ireland attractive to Allstate and other FDI is the pipeline of talent • Business development that exists.’ John Healy, Managing Director, Allstate NI ‘The supply of talent ‘The support and insight Invest NI has offered us is so important in Northern Ireland, to our forward-thinking business vision. Its understanding of particularly at graduate Northern Ireland’s rich talent offering and thriving tech sector, level, is impressive and, is why we made the decision to invest here. Thanks to the doors coupled with the support that Invest NI has opened for us, we are already engaging with from Invest NI and local universities about graduate opportunities and we’re government, it makes excited for Northern Ireland talent to join the PEAK6 team.’ this region highly Judi Hart, CEO, PEAK6 attractive to a global company like Citi seeking the best location for growth.’ James Bardrick, Citi Country Officer, Citi, Belfast, Co. Antrim United Kingdom Competitive Costs Operating costs in Northern Ireland Prime office rents are more cost competitive than many other locations in the UK and Europe. Greater Belfast Shared service centres £23 per sq foot Dublin £57* per sq foot Source: CBRE - Bi monthly market report - Northern Ireland Q3, 2020 *1 €uro = 0.8873 Almost 60% lower Over 60% lower 31% lower Labour turnover than New York than London than Dublin London Labour turnover rates in Northern Ireland are amongst Based on a 130 person shared services centre including salary, property and telecoms costs Source: fDi Benchmark January 2020 for shared services centre £73 per sq foot the lowest in Europe, offering Source: Colliers International, 2020 additional savings. Salary Salaries are lower in Northern Ireland than the UK average. Typical salaries for a 130 person shared services centre in the region are around: 58% 38% 26% less than less than less than New York London Dublin Newry, Co. Down Source: fDi Benchmark January 2020 for shared services centre Our Sectors Financial and Related Food and Drink Global Business Services Software and ICT Professional Services 23,173 people in 20,000 people in 15,000 people in 40,000 people 196 Businesses 40 companies 1,600 companies Areas of expertise: Areas of expertise: Areas of expertise: Areas of expertise: • Financial Services • Red Meat • Shared Services • Mobile Technology • Poultry • Customer Contact • Cyber Security • Capital Markets Technology • Dairy • Knowledge Services • Connected Health • Fund Administration • Bakery • Digital Content Operations • Artisan and Speciality • Data Analytics • Risk, Regulation and Compliance • BPO/Tech Support • Asset Management • Telecoms and Network Advanced Manufacturing TV, Film and Digital Media & Engineering 7,000 people in 48,000 people in 420 companies 1,600 companies Legal Services Life and Health Sciences Areas of expertise: Areas of expertise: 6,400 people Over 8,800 people in • Digital and Interactive • Advanced Materials & over 200 companies • Digital Media Technology Composites Areas of expertise: Areas of expertise: • E-Learning • Aerospace & Defence • Captive Legal Services • Precision Medicine • Film and TV Production • Automotive • Shared Services • Medical Devices & • Gaming and Animation • Materials Handling • Legal Process Outsourcing Digital Health • Mobile Content • Electronics • In-house Counsel • Clinical Trials • Music • Consumer Products • Software Solutions World Stage 40% of the world’s tracked Harry Ferguson from Each year, more than 370 The portable defibrillator was mobile crushing and Northern Ireland patented million people receive designed in Northern Ireland screening equipment is the technology that led to medical diagnosis using by Professor Frank Pantridge. made in Northern Ireland. the modern tractor. Randox products. 10% of the global FX market Sir James Martin from flows through Belfast every William Thomson, later Lord Over 30% of the world’s Northern Ireland invented day ($500Billion). Kelvin, the father of modern airline seats are made in the aeroplane ejector seat. science, was from Northern Northern Ireland. To date it has saved in Ireland. He is best remembered excess of 7,600 pilots. for laying the first transatlantic telegraph cable. Cameras designed and manufactured in Belfast by Andor Technology, a spin- out company from Queen’s University, were used by One in five of all a team of international computer read/write astronomers to discover two heads are made by new Jupiter-sized planets. Seagate Technology in Londonderry in the UK’s largest HBO’s Game of Thrones nanotechnology site. filmed in Northern Ireland for 8 series. Seagate, Derry~Londonderry InvestNI.com E: [email protected] Invest Northern Ireland @InvestNI Derry~Londonderry Version 11/20.