BELFAST has received a major jobs boost on Monday.
Auditors Ernst and Young, now called EY, says it is creating 486 jo
bs over the next four years in a number of business consultancy fields, including auditing.
The new posts – backed by £3 million of public money through Invest NI – will bring in an extra £19 million to the local economy.
The company currently employs around 1,500 people north and south of the border.
“We are delighted to bring this investment to Belfast which will further enhance our current service offering to clients,” said Mike McKerr of EY Ireland.
“As a global company with a presence in more than 150 countries, we continually evaluate the best locations for expansion to ensure maximum productivity and growth.
“We have been working closely with Invest Northern Ireland for some time on this project and their support and advice has been instrumental in EYs decision to locate this project in Belfast.”
Announcing the investment, during a visit to EY’s offices in Bedford Street, First Minister Rt. Hon. Peter D Robinson MLA said: “The creation of 486 new jobs by EY is extremely positive news for Belfast, as it will deliver an additional £19million in salaries each year and contribute positively to the wider economy.
“Having met with Steve Varley, Chairman and Managing Partner EY UK&I and Mike McKerr, Managing Partner EY Ireland last year, I was able to reaffirm our ongoing support for EY’s commitment to Northern Ireland and I am pleased that this project has now come to fruition.
“Alternative global locations were considered by the company so securing these high quality jobs has been a real coup. This announcement sends an unambiguous message to international investors to have confidence in Northern Ireland as a competitive location from which to grow their business.”
Northern Ireland presented a compelling proposition in terms of a strong existing skills base and high quality graduate pool, aligned to cost-competitiveness and financial support. Invest NI is offering £3.2 million to support the jobs announcement, which played a crucial role in locating these jobs in Belfast. The Department for Employment and Learning is providing training support.
Welcoming the announcement Enterprise, Trade and Investment Minister Arlene Foster added: “Today’s announcement will provide excellent employment opportunities across a range of levels in a wide variety of roles including, advisory and assurance specialists, comprising of a mobile and static workforce. In addition, EY will also be seeking people in human resources, finance and administration within its core business services.
“This investment could have gone to a number of other locations and the decision to choose Belfast is based on the availability of a skilled, loyal and committed workforce and our robust infrastructure which provides reliable, high speed and cost effective connectivity.”