Northern Ireland’s budget for the promotion of direct inward investment is be reduced, according to Northern Ireland minister Paul Murphy.
Outline plans envisage spending on industrial development, energy and trade promotion will decline from £321m in 1999-2000 to £308m in the following 12 months before rising again in 2001-2002 to £315m.
Next year’s overall allocation has already been set at £9.5bn, up from £9bn in the year to April 1999.
Financial Times 10/11/98 page 12
