Investment Strategy 2008 – 2018Investment Strategy 2008 – 201854IntroducitonIntroduction
As an Executive, we are dedicated to makingNorthern Ireland a better place to live, work, learnand grow. In the Programme or Government, wecommit to building a peaceul, air and prosperoussociety in Northern Ireland, with respect or therule o law, a society where everyone can enjoy abetter quality o lie now and in years to come.To deliver on this commitment, we need theright inrastructure to grow our economy– our top priority over the lietime o theProgramme or Government. The rightinrastructure will also support positive socialchange, enhance our environment and helpus to deliver better public services or all.We are on the brink o an unprecedentedopportunity.
Over the next three years, around£6bn o new inrastructure will be delivered– and approaching £20bn in the next 10years
– to address a legacy o underinvestment inthe past. Through the procurement process, wewill seek to maximise the social and employmentopportunities or all our people, addressingexisting patterns o socio-economic disadvantageand using prosperity to tackle poverty.The Investment Strategy 2008-2018 sets outthe ramework with which we will createa sustainable 21st century inrastructure. Itidenties priority areas or investment in theyears ahead and is intended to assist governmentand our private sector partners to plan aheador the challenge o delivering the largest everinvestment programme here. Delivery plans arecurrently being nalised to provide more detailon the implementation o this Strategy; theseplans will be published beore 31 March 2008.
Objectives o investingin inrastructure
Three objectives set out in the Executive’s Programmeor Government have guided developmento this Investment Strategy. These are:a)
– investment in inrastructure to help growa dynamic and innovative economy, and help to delivermodern high quality and ecient public servicesb)
– investment in inrastructure to help promotetolerance, inclusion, equality o opportunity and thedesirability o good relations, promote regional balance inuture development, and tackle areas o social disadvantagec)
– investment in inrastructure to helpprotect and enhance our environment and natural resources.These objectives can be mutually reinorcing, helping to ensurethat development is sustainable. The objectives infuenceboth programme selection, and delivery to maximise returns.We will seek opportunities to promote social inclusion andequality o opportunity in the procurement o inrastructureprogrammes. This will impact through employment plans;building opportunities or apprenticeships into major deliverycontracts – helping those eager to develop key skills valuedin the workplace – and through a tendering process thatprioritises the most economically advantageous option inthis context. Through the procurement process, we willseek to maximise the social and employment opportunitiesor all our people, addressing existing patterns o socio-economic disadvantage and using prosperity to tacklepoverty. Similarly the quality o our environment is animportant asset; steps to protect and enhance it throughthe Investment Strategy will support plans to grow thetourism economy and related jobs across the region, as wellas improve a general sense o well-being or everyone.