A £1 MILLION programme for smaller businesses planned by Derry City Council is expected to create around 100 new jobs next year during the City of Culture event.
Invest Northern Ireland has offered over £700,000 of support towards the project which is also being funded by the European Regional Development Fund under the Sustainable Competitiveness Programme for Northern Ireland.
Chief Executive Alastair Hamilton said: “The aim of the council’s City of Culture and Clipper Business Opportunities is to deliver practical support which will help to equip participating companies with the skills and confidence not only to maximise the business opportunities by City of Culture status but also to increase their sustainability and growth in both the short and long terms.
“The City of Culture status has immense potential for companies across the broadest range of sectors especially tourism, creative industries, music, crafts and food and drink. Our support shows our determination to help companies to respond quickly, effectively and profitably to the exciting business opportunities that will develop from this tremendously important programme of activities.
“We have been working closely with Derry City Council to shape a programme of practical support that will enable smaller companies in particular to engage in this forthcoming event and to position themselves for similar activities throughout 2013.
“We expect the programme to help create around 100 new jobs in existing and new businesses including around 11 start-up enterprises. Overall, the programme is projected to generate additional turnover of almost £5 million during its duration,” he added.
Sharon O’Connor, town clerk and chief executive with Derry City Council, welcomed Invest NI’s support emphasising the importance of the business community reaping the benefits of the City of Culture year.
She said: “A key part of our ambition is to prepare businesses in the region to be adequately prepared for the huge opportunities that the UK City of Culture title will bring to the city and wider region during 2013.
“It’s a once in a lifetime chance for the business sector to improve their skills and maximise their business growth opportunities so that their business will have a lasting legacy and sustainability for future generations.”