300 new jobs offers £10m boost to local economy

First and Deputy First Ministers, Arlene Foster and Martin McGuinness with, from left, Invest NI chief executive Alastair Hamilton, Luke Barnett, Group CIO, Tullett Prebon and Economy Minister Simon Hamilton
First and Deputy First Ministers, Arlene Foster and Martin McGuinness with, from left, Invest NI chief executive Alastair Hamilton, Luke Barnett, Group CIO, Tullett Prebon and Economy Minister Simon Hamilton

The development of a new technology centre in Belfast bringing 300 new jobs to the city is worth more than £10 million a year to the province.

The new base is to be opened by Tullet Prebon, a London based global communications provider operating in the financial servcies sector.

The firm’s arrival in Northern Ireland was welcomed by First Minister Arlene Foster, Deputy First Minister Martin McGuinness and Economy Minister, Simon Hamilton each of whom hailed the project as a major fillip for the province.

The company plans to establish a major technology centre to support its international growth strategy, creating the jobs over the next three years.

“Today’s announcement of 300 new jobs will contribute over £9.9million in additional salaries into the Northern Ireland economy each year, once all the roles are in place,” said Mrs Foster.

“Tullett Prebon leads the way in the financial services sector and the company’s decision to establish its new IT development centre in Belfast is a vote of confidence in the ability and quality of the Northern Ireland workforce.

“Northern Ireland has an enviable reputation for hardworking, innovative, committed employees and I can assure you that we will prove, once again, we are good for business.”

Mr McGuinness said the project was “terrific news”.

“Tullett Prebon plc is one of the world’s leading interdealer brokers and has a presence in 24 countries and 2,700 people across the globe.

“The new jobs will offer an average salary of £33,000, providing excellent opportunities for graduate and experienced IT professionals as well as school leavers.

“The Executive for its part will continue to make every effort to ensure our people have the right skills and qualifications which combined with our low cost base makes us a compelling location for international companies to locate.”

Invest Northern Ireland has offered Tullett Prebon more than £2 million towards the creation of the new jobs with the Department for the Economy Assured Skills programme providing £400k for associated training.

“Tullett Prebon is an established financial intermediary and its decision to invest in Northern Ireland cements our reputation as a world-leading IT hub. It joins other major global financial institutions in locating its IT operations here and will be a valuable addition to our cluster of financial services businesses.

Luke Barnett, Group CIO of Tullett Prebon, desccribed the the project as significant for the company and said Belfast had proved the “outstanding choice”.

“It will play a key role in the delivery of our global technology strategy, transforming the way our teams collaborate within the business and with outside partners, and will help us deliver on key business goals.

“The combination of a highly educated workforce, attractive business environment and great infrastructure, underpinned by the support of local Government and Invest Northern Ireland, offers a compelling proposition for a global financial services group such as ours.”