Written Answers to Questions - Northern Ireland Assembly
Written Answers to Questions - Northern Ireland Assembly
Written Answers to Questions - Northern Ireland Assembly
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Friday 20 July 2012 <strong>Written</strong> <strong>Answers</strong><br />
<strong>Northern</strong> <strong>Ireland</strong> is a relatively small place and evidence indicates that many investments draw their<br />
workforce from areas beyond constituency area boundaries.<br />
Commercial Liability Insurance Provided by Tamboran<br />
Mr Agnew asked the Minister of Enterprise, Trade and Investment whether she will publish details of<br />
the commercial liability insurance provided <strong>to</strong> her Department by Tamboran, including the eventualities<br />
for which it provides cover.<br />
(AQW 13397/11-15)<br />
Mrs Foster: I would refer the member <strong>to</strong> the answer I gave <strong>to</strong> AQW 12271.<br />
The terms of any insurance policy between an insurance company and the organisation which is<br />
being insured is a private and commercial matter and therefore it would not be appropriate for the<br />
Department <strong>to</strong> publish details of same.<br />
Disposal of Capital Assets<br />
Mr Weir asked the Minister of Enterprise, Trade and Investment <strong>to</strong> detail the capital assets of which<br />
her Department intends <strong>to</strong> dispose in each of the next three years.<br />
(AQW 13438/11-15)<br />
Mrs Foster: My department, through Invest NI, holds capital assets in the form of land and property,<br />
which is held for sale or lease <strong>to</strong> support economic development. The following sales targets have<br />
been set for the next three years:<br />
■ 20 acres in 2012/13<br />
■ 20 acres in 2013/14<br />
■ 30 acres in 2014/15<br />
London Inter-Bank Offered Rate<br />
Dr McDonnell asked the Minister of Enterprise, Trade and Investment what aspects of industrial and<br />
employment policies are linked <strong>to</strong>, or influenced by, the London Inter-bank Offered Rate.<br />
(AQW 13444/11-15)<br />
Mrs Foster: Access <strong>to</strong> Finance remains a key challenge for many businesses throughout <strong>Northern</strong><br />
<strong>Ireland</strong>, an issue that has been highlighted in the Executive’s Economic Strategy.<br />
The London Inter-bank Offered Rate is a key determinant which impacts on interest rates set by banks.<br />
While this does not impact directly on economic policies set by my Department, I recognise that it does<br />
potentially impact on the ability for businesses <strong>to</strong> get access <strong>to</strong> affordable credit from banks and so it<br />
is imperative that there is complete transparency in how these rates are set.<br />
George Best Belfast City Airport<br />
Mr Weir asked the Minister of Enterprise, Trade and Investment what initiatives and support her<br />
Department has provided <strong>to</strong> George Best Belfast City Airport <strong>to</strong> attract new airlines.<br />
(AQW 13463/11-15)<br />
Mrs Foster: Tourism <strong>Ireland</strong> works with airports, airlines, ferry opera<strong>to</strong>rs and other <strong>to</strong>urism interests<br />
<strong>to</strong> drive demand for services from key markets <strong>to</strong> <strong>Northern</strong> <strong>Ireland</strong> and <strong>to</strong> help maintain our vital<br />
network of routes. Tourism <strong>Ireland</strong> is currently working with George Best Belfast City Airport (GBBCA)<br />
on the introduction of potential new airlines and routes. However, discussions with the airport, and with<br />
airlines, are of a commercial and confidential nature.<br />
The commencement of the new British Airways GBBCA <strong>to</strong> Heathrow service on 2 July 2012 is very good<br />
news for the airport and for <strong>Northern</strong> <strong>Ireland</strong>. As part of its ongoing co-operation with key carriers and<br />
WA 492