Northern Ireland business and industry is characterised by a high degree of technological know-how and dynamic international activity driven by proactive economic development organisations and backed by strong university and research institutes. In addition to strong traditional industries such as agri-food, aerospace and engineering, the key growth areas in Northern Ireland include biotechnology and ICT.
Northern Ireland has remained one of the true industrial manufacturing locations in the North West of Europe. Part of the United Kingdom, with close industrial and economic links to the Republic of Ireland, Northern Ireland has benefited from business links with both nations.
Major world-wide players originating from Northern Ireland include Bombardier Shorts, Norbrook Laboratories, Boxmore Group, Denman, Powerscreen and Galen Technologies.
In addition to local small & medium enterprises, the industrial landscape of Northern Ireland also includes important foreign investors.
With a small domestic market (1.5 million people) and a limited neighbouring market in the Republic of Ireland (3.7 million people) indigenous Northern Ireland companies are extremely active in seeking opportunities in international markets.
Key business facts concerning Northern Ireland include:
- High rates of university education and practical skills make Northern Ireland one of the most ‘skilled and educated’ regions in Europe.
- Key growth industries include ICT and biotechnology.
- Major foreign investors include Ford, Nortel, Coca Cola, Seagate