Invest NI backs Foyle Food Group's £15m Omagh upgrade with £2.9M grant
What's the deal? Foyle Food GroupDealroom has a profile for this one. Try Dealroom → is investing £15 million to upgrade its beef-processing site in Omagh, Northern Ireland, backed by a £2.9 million grant from Invest NIDealroom has a profile for this one. Try Dealroom →. The project will create seven new jobs.
What's the endgame? The money funds new technology and automation across processing, packing and delivery of beef products. It also supports Foyle Futures, the company's programme to develop future leaders.
Who's involved? Founded in 1977, Foyle Food Group produces premium beef for customers in Britain and Ireland, and calls itself one of the largest dedicated beef processors in GB and Ireland. Invest NI's support comes through its Agri-Food Investment Initiative and skills development funding.
Why now? New equipment should improve efficiency, lift product quality, cut energy use, and strengthen the company's access to markets. "This investment is an important step in the continued evolution of our Omagh operations," said chief executive officer Terry Acheson.
What they're saying: Economy Minister Dr Caoimhe Archibald called Foyle "one of our leading agri-food businesses and a major employer in the west." Invest NI's director of food and drink, Gráinne Moody, said the deal is "a strong vote of confidence in Foyle Food Group's future."
The signal: Invest NI has worked with Foyle for three decades, and this backing points to continued state support for Northern Ireland's agri-food sector as processors invest in automation to stay competitive.
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