skip to content

Whats in this section

Colleges NI
News Archive

Colleges NI News
Connect Knowledge Economy Report 2017 Posted on 18/01/2018 00:00:00 The 2017 Connect Knowledge Economy Report, supported by Bank of Ireland UK and independently produced by Ulster University Economic Policy Centre was launched today.
This report shows that fourth consecutive year, Northern Ireland is the second fastest growing Knowledge Economy (KE) in the UK, however, this rate is slowing.  If Northern Ireland is to address the significant economic and technological challenges coming in the future, we need to radically overhaul our educational system.

The report calls for the creation of a dynamic coalition of Government, public bodies, private sector business, Colleges and Universities, aligned and working together to deliver practical solutions to economic and technology challenges.

The steering team behind this report commissioned research into how the potential impact of automation will be one of the biggest external forces on our economy. They estimate that up to 423,000  (50%) of jobs in NI could be affected by automation in the next decade.

Connect Knowledge Economy Report 2017 - Key Findings

  • NI is the 2nd fastest growing UK Knowledge Economy (KE) region for 4th consecutive year
  • KE export sales reach new high – 1/3 of total NI output
  • KE new business creation is at all time high
  • Continued increase in Venture Capital Investment in NI companies 


  • Up to 423,000 jobs will be impacted by Automation in next 10 years – potentially 50% of total jobs in NI (UU Economic Policy Centre)
  • KE salary and productivity levels reducing – still 45% & 30% premium on NI average
  • Radical change required to Economic and Education Planning if we are to survive as a modern economy

Click on link below to download report -  Connect 2017 - Knowledge Economy Report.pdf

For details of the forthcoming 'Future of Work NI' Summit, building on findings from this report, which takes place on 28 February Click Here


Your Name: (required) 
Your Email: (required)   
Your Comments: (required)