Economic Development and Magherafelt District Council

Companies locating or expanding in Magherafelt can call upon the advice and assistance of Invest NI. The Training and Employment Agency offer recruitment services, employment incentive schemes and a highly trained workforce. Technical assistance with research and development work is available from the Industrial Research and Technology Unit (IRTU), the Department of Agriculture is on hand to assist with agri-business developments and the Northern Ireland Tourist Board will assist with tourism related projects.

European funding for economic development schemes in the area mean that a range of varying grants are available for both capital and revenue expenditure. Working through the system of grants requires an excellent localised knowledge, and this is where the staff at Magherafelt Council can be of real assistance to businesses locally.

Our experience of the grants system, combined with our knowledge of and commitment to the development of the local area could open up new and exciting opportunities for your business.

Whether you are establishing a new business in the area or expanding an already successful enterprise, the combination of a comprehensive range of business support together with the central location and excellent lines of communication make the Magherafelt district a first class choice.

Magherafelt District Council is keen to promote economic growth from within the area as well as encouraging inward investment, and a comprehensive development plan, backed by financial assistance from European funds is in place for the district.

In the Magherafelt area, the entrepreneurial spirit is deeply rooted. Since the early 1980s, the rate of self-employment in the area has been as much as 50 per cent higher than for Northern Ireland as a whole. Several local firms have grown to become excellent companies manufacturing products which are competitive both at home and in export markets.

A number of development schemes have already been successfully implemented, including the development of tourist facilities, establishment of community economic development projects and assistance to local businesses with exporting. Future plans within the Council will focus assistance on enterprise and business development, community economic development and tourism infrastructure.