Economy

News, analysis, and updates on economic policies, business support, employment initiatives, and efforts to drive economic growth in Northern Ireland.

Economy

Kestrel Foods Announces £5m Investment and 38 New Jobs in Portadown

Portadown-based premium snack manufacturer Kestrel Foods has announced a £5 million investment to expand its production capabilities and international reach, creating 38 new jobs over the next three years. The investment, supported by £350,000 from Invest Northern Ireland’s Agri-Food Investment Initiative, will fund advanced chocolate coating technology and expanded storage […]

Economy

Economy Minister Announces Micro-Business Exemption from Trade Union Access Rights

Economy Minister Caoimhe Archibald has announced a significant concession to employers regarding trade union access rights within the long-awaited Good Jobs Employment Rights Bill, confirming that micro-businesses employing fewer than 10 people will be exempt from proposed workplace entry requirements. The announcement, made on 29 May 2026, represents the latest

Economy

Economy Minister Welcomes 13% August Féile Funding Increase Despite Tourism NI Budget Pressures

Economy Minister Dr Caoimhe Archibald has welcomed a 13% increase in Tourism Northern Ireland’s support for August Féile 2026, as the west Belfast festival prepares for its largest-ever programme alongside Belfast’s historic first hosting of Fleadh Cheoil na hÉireann. The expanded investment comes despite recent budgetary pressures at Tourism NI,

Economy

Economy Minister Announces £2m Skills Fund From Long-Delayed £150m Investment Zone

Economy Minister Dr Caoimhe Archibald has announced £2 million in fresh funding to develop skills across Northern Ireland’s advanced manufacturing sector, marking the first major spending from a long-delayed £150 million UK Government investment pot. The programme, unveiled at a Lurgan-based recycling firm, aims to deliver more than 400 qualifications

Economy

Economy Minister Welcomes Long-Awaited Duty Reimbursement Scheme Changes

Economy Minister Dr Caoimhe Archibald has welcomed long-awaited changes to the Duty Reimbursement Scheme (DRS) that aim to cut red tape for Northern Ireland businesses trading under post-Brexit arrangements. The modifications link the scheme with the Customs Duty Waiver Scheme and introduce flexibility for mixed stock claims, coming into effect

Economy

Economy Minister Welcomes Summer VAT Cut But Warns It Fails to Address Hospitality Disparity

Economy Minister Dr Caoimhe Archibald has welcomed a temporary VAT reduction on summer family attractions announced by the Chancellor today, but warned the move does not go far enough to address the “longstanding VAT disparity” facing Northern Ireland’s hospitality sector. The UK Government confirmed that VAT on selected summer attractions

Economy

Economy Minister Welcomes 9% Tourism Expenditure Rise to £1.2 Billion

Economy Minister Dr Caoimhe Archibald has welcomed official statistics showing Northern Ireland’s tourism sector has reversed last year’s sharp decline, with visitor expenditure rising 9% to £1.2 billion in 2025. The figures, published today by the Northern Ireland Statistics and Research Agency (NISRA), reveal approximately 5.1 million overnight trips during

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