Northern Ireland bids £67m to win Ryanair maintenance hub

Summarised from 2 outlets · Updated 20 Oct, 12:02 · Archive

Northern Ireland is offering a £67m subsidy to attract a Ryanair engine maintenance facility expected to create up to 600 jobs.

Northern Ireland is bidding to host a Ryanair engine maintenance facility by offering a £67m subsidy. Ian Snowden, the top official in the Department for the Economy, told MLAs the facility would create up to 600 jobs and represent 'the biggest inward investment for two decades'.

The proposed grant would comprise £30m from the Northern Ireland Enhanced Investment Zone, £10m from the Department for the Economy, and £27m from the UK government, which is currently under discussion. Snowden said the executive would 'backstop' the £27m but did not clarify what that commitment would entail.

Ryanair is planning to bring its engine maintenance in-house at two facilities from 2029. Northern Ireland is competing with Spain and Poland to be selected for one of these maintenance, repair and overhaul hubs. The Enhanced Investment Zone is a UK government-funded initiative designed to promote investment and productivity in manufacturing.

How it is being reported

• Ryanair offered £67m grant for NI engine facilityIt is thought the facility would create up to 600 jobs.BBC Northern Ireland · 20 Oct, 11:40
• £67m public subsidy bid revealed as NI fights rivals for £400m Ryanair hub with 600 new jobsEstablishment of airline’s maintenance, repair and overhaul hub stands to produce 600 high-quality jobsBelfast Telegraph · 20 Oct, 05:47

In this story: Northern Ireland · Ryanair · Spain · Poland · Ian Snowden · Michael O'Leary

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