Following the Budget announcement, NIIRTA Chief Executive Glyn Roberts said: “It is very welcome that Northern Ireland is to have its first local pilot Enterprise Zone in Coleraine. Since 2010, NIIRTA has strongly lobbied successive Secretaries of State of Northern Ireland and Finance Ministers for the establishment of targeted and focused Enterprise Zones and look forward to working with the Government and NI Executive on its implementation.
“We would like to see this proposed pilot Enterprise Zone to include the North West as a whole including Derry/Londonderry and Strabane to build upon the legacy of the City of Culture.”
“Our members will welcome that the proposed Fuel Duty rise is to be scrapped and that 89,000 people being lifted out of paying income tax will hopefully mean more spending with local retailers.”
“With many retailers investing in their businesses again the Annual Investment Allowance being doubled to £500,000 until the end of 2015 will provide them with much needed support”.