Questioning the Minister of Finance in Relation to Invest NI PDF Print E-mail

During Assembly Question Time, David Hilditch asked the Minister of Finance and Personnel: 

With regards to the private sector and the need to grow that sector. Does the Minister have any further comment on the Invest NI decision? 

Sammy Wilson  (DUP)

It is unfortunate that the money that Invest NI had been hoping to spend on job promotion has not been fully spent this year. Of course, that is not a reflection on the work that is done by Invest NI and by the Minister of Enterprise, Trade and Investment; it is because a lot of that funding has to be matched. If firms cannot find resources, get money from banks or, in some cases, do not have the confidence to invest, there is not a great deal that can be done about that. I want to make it clear to the House that we have reallocated the money to projects that will create jobs. Job opportunities will not be lost as a result of the money not being spent. For example, when we put money into roads maintenance or the thermal insulation of Housing Executive houses, that creates jobs in the construction sector. When we put money into DEL for the Steps to Work programme, that brings people into training and gives them job opportunities and the ability to move into longer-term employment. It is not the case that money suddenly drops into a hole and there is no job creation from it; we are simply moving it from the DETI budget to other budgets, and different kinds of job are being created.