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LONDON DAILY ARCHIVE

Joe Kennedy says Stormont return key to major NI investment

Political stability and the return of Stormont are needed to attract major investors to Northern Ireland, US trade envoy Joe Kennedy III has said.

26 October 2023 · 21:52 UTC

US trade envoy Joe Kennedy III has emphasized the importance of political stability and the return of Stormont to attract major investors to Northern Ireland.

He led a significant trade delegation visiting the region and expressed the need for a stable government when discussing large-scale investments. The delegation consisted of US companies already present in Northern Ireland and potential investors.

The absence of a functioning executive in Stormont for 20 months has created challenges, but there have been hints of progress in recent talks about its return. Political leaders have expressed a sense of urgency in resolving the situation and creating favorable conditions for investment.