Major NI employer took Invest NI grant aid but has now closed shop, says Sinéad McLaughlin

Tue, 05/01/2021 - 16:16 -- Editor

SDLP economy spokesperson and Foyle MLA Sinead McLaughlin has expressed concern that a company that has received significant financial support from Invest NI for jobs created in Belfast and Derry has decided to close its operations in the two cities. 

She said: “It is to be greatly regretted that TSYS has decided to relocate its operations out of Derry and Belfast, with the loss of around 120 jobs. This will be felt badly in both cities, particularly in Derry where the operation was one of too few in the signature development at Ebrington Square. 

“I will be asking the minister for the economy whether Invest NI has paid the offered £680,000 to Cayan, now known as TSYS, as employment grant and, if so, whether that money can now be recovered. 

“I will also be asking the minister if she has confidence in the arrangements for recovering financial assistance linked to job creation where companies decide to relocate.” 

SDLP economy spokesperson and Foyle MLA Sinead McLaughlin has expressed concern that a company that has received significant financial support from Invest NI for jobs created in Belfast and Derry has decided to close its operations in the two cities. 

 

She said: “It is to be greatly regretted that TSYS has decided to relocate its operations out of Derry and Belfast, with the loss of around 120 jobs. This will be felt badly in both cities, particularly in Derry where the operation was one of too few in the signature development at Ebrington Square. 

 

“I will be asking the minister for the economy whether Invest NI has paid the offered £680,000 to Cayan, now known as TSYS, as employment grant and, if so, whether that money can now be recovered. 

 

“I will also be asking the minister if she has confidence in the arrangements for recovering financial assistance linked to job creation where companies decide to relocate.”