Business

Eight Belfast firms to create 55 new jobs through £4m investment

Pictured at the combined Invest NI announcement are (front): Idir Boudaoud, Sensoteq; Moira Loughran, Invest NI, and Ross Harbinson, Hartech Building Services. Also pictured (back) are: Philip Davison, CD Fairfield Capital; Kerry Peacock, Feisfayre; Alan McCall, Sensoteq; Paddy Trainor, Cyphra, and Gareth McAllister, Nimbus CS.

EIGHT Belfast companies are to create 55 jobs and invest over £4 million in the local economy with support from Invest NI.

The new jobs will generate £1.9 million in additional annual salaries and are across a range of sectors including software, construction, cyber security and consumer products.

Cyphra Ltd , Stiona Software, Feisfayre Ltd, Nimbus CS, CD Fairfield Capital, Sensoteq, Cadshare and Hartech Building Services are the firms using Invest NI support to drive business growth. In all the business development organisation has offered £343,000 of financial support towards the jobs, of which 24 are already in place.

Among those to benefit is Northern Ireland's largest indigenous cyber security company Cyphra. The £750,000 investment from the firm will create seven new jobs and allow Cyphra to deliver more services to its public and private sector customers and continue tits expansion into new markets both within the UK and internationally.

Meanwhile Hartech Building Services is investing almost £900,000 to create eight jobs, two of which are already in place. The business

provides full mechanical and electrical services, predominantly in the high end residential sector.

Invest NI eastern regional manager Moira Loughran hailed the investment from the eight "ambitious" local firms.

“We have provided these companies with very practical support to take their businesses to the next stage in growth. The close and continued collaboration we have with SME's in Northern Ireland is clearly generating results for a range of sectors and will deliver significant benefits to the economy in the longer term.”

"Invest NI is working hard to support companies right across Northern Ireland to create jobs, increase their export strength and drive business growth. Through access to our extensive suite of funding we will continue to ensure that Northern Ireland companies receive the support they need to become more competitive and maximise future growth. This is consistent with our approach of becoming a trusted business partner of choice," she added.

The Invest NI support towards the new positions comes just a day after Carrickfergus joinery firm Abbey Upholsterers announced it is creating 15 new jobs as part of a major expansion of operations at its Co Antrim base.

Invest NI has pledged £97,500 pledged towards the new roles, which will generate £392,000 in wages annually to the Northern Ireland economy.

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