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Business Daily

Northern Ireland and American investment

Business Daily

BBC

News, Business

4.4796 Ratings

🗓️ 10 May 2023

⏱️ 18 minutes

🧾️ Download transcript

Summary

Joe Biden says American firms are ready to triple investment in Northern Ireland, we look into whether that's really likely to happen.

Leanna Byrne is in Northern Ireland to take a look at the current levels of investment and speak to those businesses already benefitting from their relationship with the US. She also explores how Brexit and domestic politics could impact what happens next.

Presenter / producer: Leanna Byrne Image: Joe Biden in Belfast; Credit: Getty Images

Transcript

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0:00.0

We live in a time of information overload.

0:02.8

A flurry of disinformation.

0:04.6

Where things are not always what they see.

0:07.0

Fake, it is fake news.

0:08.6

The Global Jigsaw is the new podcast from BBC monitoring,

0:12.3

shining a light on the conflicting agendas and narratives being played out in the world's media.

0:18.0

Narratives that slowly permeate the citizenry

0:20.6

where powerful interests

0:22.1

are competing to influence your views. Search for the global jigsaw, wherever you get your BBC podcasts.

0:32.8

So this might be an odd place to start an economic story, but I'm on a harbour overlooking the

0:38.0

Irish Sea in Kilkeel, Northern Ireland. It's been a month since US President Joe Biden said

0:43.4

that American investors were ready to triple the $2 billion already invested there. So I'm here

0:49.2

to explore those US Northern Ireland economic links because, fun fact, the US is already the biggest

0:56.7

inward investor in the region. Is Biden right? If Northern Ireland plays its economic cards right,

1:03.2

could more investment be on the way? To answer that question, let's first look at the inward

1:08.4

investment that's already here. Northern Ireland has some big operations like city and all state,

1:14.2

both of which are located in the capital Belfast,

1:17.1

but some US companies are based as rural as where I am, Kilkeel.

1:21.3

So my first stop today is Collins Aerospace.

1:25.1

So I'm Stuart McKee, I'm Senior Director of Operations of Collins Airspace.

1:30.1

So this is the main assembly shop floor.

1:34.1

Collins Airspace in Kilkeel had been manufacturing aircraft seats here for about 56 years.

...

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