Reacting to the announcement that the Chancellor of the Exchequer is to grant a £350million City Deal for the Belfast region, Head of Commercial Property at Eversheds Sutherland in Belfast, Gareth Planck commented:
Gareth Planck, Eversheds Sutherland Belfast
“This bespoke investment package will unlock growth potential and accelerate the regions’ economic development plans and attract new businesses to Northern Ireland, so that we can continue to compete with neighbouring cities in the UK and Ireland. Securing this investment is testament to the galvanised approach of our local councils for the betterment of Northern Ireland. Together they have produced a plan for the city deal which they believe can deliver thousands of jobs through a 10-year investment strategy which builds on our sector strengths.”
“This is recognition at Government level of the need for Northern Ireland to receive an economic boost. Our firm has witnessed first-hand the positive impact similar City Deals have had in the past across the U.K. Our offices in both Birmingham and Cardiff have observed significant growth within their local economies, job creation, house building and the completion of significant infrastructure projects after their respective cities were granted similar investments in 2012 and 2016. As a firm we look forward to seeing the same growth and success in Belfast that will filter out across Northern Ireland.”