2024: The year of possibility for Northern Ireland businesses

For the sixth year running, leading Northern Ireland law firm Wilson Nesbitt is pleased to sponsor the Best Large Company category for the Belfast Telegraph Business Awards 2024.

Towards the end of last year, there were more positive signs for Northern Irish businesses with unemployment remaining at record lows, the Northern Irish economy expect to grow at the second fastest rate in the UK and likelihood of a resorted Stormont (now a reality). 

Businesses across the UK and Europe are still facing challenges around global supply chain pressures, household energy bills, inflation rates and rate rises, paired with industrial action in some sectors. Yet Northern Irish businesses are coming together once again spurred on by innovation, resilience and adaptability.

Max Nesbitt, partner leading Wilson Nesbitt’s corporate team, said: “What’s great to see is Northern Ireland being named time and time again as a hotspot for businesses, at the end of last year nine Northern Ireland firms made it onto Deloitte’s Technology fast 50, and Belfast has been dubbed as Northern Ireland’s fast-growing tech hub thanks to its reputation for tech and innovation.

Belfast is now the 11th best startup ecosystem in the UK, which speaks volumes for just how much possibility is here.

The economic outlook for Northern Ireland over the next year is one that remains hopeful, but of course businesses will continue to face headwinds and challenges to overcome. ”

Wilson Nesbitt supports businesses on all corporate matters, including acquisitions and mergers, private equity, restructuring and corporate governance. Its corporate team is supported by specialists in real estate, banking and finance and employment.

Max added: “Good luck to all of those entering the Belfast Telegraph Business awards, it’s a great way to demonstrate how your business is contributing to Northern Ireland’s growing reputation.”