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Mayor welcomes investment announcement of 250 jobs

10 September 2018

Mayor of Derry City and Strabane District Council has welcomed the announcement today by Alchemy Technology Services to set up a European Centre of Excellence in Derry and create over 250 jobs.

The announcement coincided with the city hosting a major Economic Summit today that is being attended by the Lord Mayor of the City of London, The Right Honourable Alderman Charles Bowman and senior representatives from the City of London Corporation.

The Mayor welcoming the announcement, said it is fantastic news for the city and district and further evidence that confidence is continuing to grow in the local economy.

He said: “This investment by Alchemy Technology Services is very good news for our region and reaffirms the North West’s position as a competitive, exciting and innovative place to do business. It will see the establishment of a Centre of Excellence to provide software implementation and technology consultancy to the UK and European insurance sector.

“The announcement brings to over 4,500 the number of new jobs created since the setting up of a new Council and is evidence of the positive work we are doing to achieve our targets of 15,000 new jobs by 2032 set out in our Strategic Growth Plan. It represents a £2.3m investment and will see the provision of certified staff to system integrators, software providers and insurance companies of digital solutions across the insurance industry. I would like to extend my congratulations to everyone involved in securing this investment and look forward to working with Alchemy Technology Services.”

The Mayor welcomed the commitment shown by Alchemy Technology Services and Invest NI. He said it shows business confidence is improving throughout the area. “Today’s announcement is very timely in that it coincides with our hosting of the Derry~Londonderry City Region Economic Summit held today to develop business, education and investment links between Derry and London.

The Derry~Londonderry City Region Economic Summit was held at a number of venues across the city throughout the day involving stakeholders from the business, education, investment and industry sectors who heard at first-hand about the positive collaborative work being done with the City of London to promote Derry~Londonderry as a great place to do business.

Organised by Derry City and Strabane District Council, the Derry~Londonderry City Region Economic Summit was organised following a series of engagements and visits between the two cities over the past number of months.

Mayor of Derry City and Strabane District Council Cllr John Boyle said the Economic Summit was a forum to assist with the delivery of the key objectives set out in the Strategic Growth Plan and an opportunity to build on the relationships built on between the City of London and Derry City and Strabane District Council.

He said: “This high level Economic Summit looks at the benefits of doing business in the North West and the opportunities that exist in the City of London for businesses in the North West. The event highlights the City Region’s key strength’s by focussing on the work that is being done on tapping into our talent pipeline and innovative technologies. A key element of the Summit is the focus on existing industry and the important role they play to the economic growth and productivity to the Northern Ireland and wider UK economy and will explore new ways of collaborating and working creatively with the City of London,” he said