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| Version 1 | Version 2 |
|---|---|
| Invest NI demands £7m from Nortel | Invest NI demands £7m from Nortel |
| (20 minutes later) | |
| Invest NI has asked Nortel to repay a £7.4m grant following the company's decision to go into administration. | Invest NI has asked Nortel to repay a £7.4m grant following the company's decision to go into administration. |
| INI said that the company had breached the terms of a financial assistance agreement signed in June 2006. | INI said that the company had breached the terms of a financial assistance agreement signed in June 2006. |
| It also revealed that Nortel has repaid £15m in other grants following earlier cutbacks at its Newtownabbey site. | It also revealed that Nortel has repaid £15m in other grants following earlier cutbacks at its Newtownabbey site. |
| Nortel's UK operation went into administration in January and it later cut 220 jobs, 92 of them at the Newtownabbey plant. | Nortel's UK operation went into administration in January and it later cut 220 jobs, 92 of them at the Newtownabbey plant. |
| The figures have been published in response to an assembly question from the SDLP MLA Alistair McDonnell. | The figures have been published in response to an assembly question from the SDLP MLA Alistair McDonnell. |
| INI has also said that it wants Visteon to repay £88,606.78 of a research and development grant. | INI has also said that it wants Visteon to repay £88,606.78 of a research and development grant. |
| In March the car parts company placed its Belfast plant in administration with the loss of more than 200 jobs. | In March the car parts company placed its Belfast plant in administration with the loss of more than 200 jobs. |
| Mr McDonnell had asked the enterprise minister Arlene Foster to detail the amount of government investment received over the last ten years by Nortel, Visteon, FG Wilson and Shorts/Bombardier. | |
| The four companies have announced significant job cuts this year. | |
| FG Wilson received £24m which the minister said helped it increase employment from 2,000 in 1999 to a peak of 3,500 in 2008 before falling back to 2,400 this year. | |
| Shorts/Bombardier received £45m which the minister said was integral to major aircraft programmes undertaken by the company. | |
| The £45m figure does not include assistance agreed for the new C Series aircraft. Government support for that project is expected to be about £52m. | |
| Nortel received around £24m in grants between 1999 and 2009 while Visteon got £138,172. |