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Revision of the Industrial Development Act 1982

Open date: 20 Jul 2011

Closing date: 02 Nov 2011

Response date: 28 Jun 2012

This consultation aims to gather views on the desirability of revising the IDA to update some of its provisions to reflect current economic realities. In the government’s view there are several outdated requirements in the Act, which have stood unchanged since 1982.

This consultation gathered views on revising the Industrial Development Act (IDA) 1982 to update some of its provisions to reflect current economic realities. In the government's view there were several outdated requirements in the Act, which have not changed since 1982. Specifically:

  1. The removal of the automatic assisted area status of Northern Ireland under the new Assisted Areas map which will come into force in 2014
  2. An increase in the per project limit for aid (from the current £10 million) after which a parliamentary resolution is required and removing the distinction that excludes payments under foreign currency guarantees from that increased limit
  3. The inclusion of telecommunications and broadband in the definition of the "basic services" that the Government can contribute towards in a development area
  4. Widening the basis on which the Government can develop land it acquires.

 

The response confirms the government's intention to remove the automatic 100 per cent Assisted Area status of Northern Ireland, and to make a number of more technical revisions to update the IDA. Removing Northern Ireland's automatic Assisted Area status will not in itself mean Northern Ireland losing its 100 per cent coverage under the European Commission's Regional Aid Guidelines and new Assisted Areas map for 2014-20.

Download the consultation

Download the government response


 

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Help cut red tape in business services

As part of government’s Red Tape Challenge, businesses and the public are invited to identify ways that ineffective, burdensome or unnecessary regulation affects growth in the business-to-business services sector.

Have your say at the Red Tape Challenge website