NI Heritage Delivers - Prosperity

01.

Supporting our Prosperity.

When we invest in heritage we support business growth, increase tourism, attract new business and create jobs. UK studties show that the historic environment offers a high return on investment.

Each £1 invested generates up to £1.60 of extra economic activity over ten years. Heritage visitors stay longer, spend more per day and have a significantly greater economic impact.

Promoting Tourism
01.1

Promoting Tourism

When we invest in heritage we support business growth, increase tourism, attract new business and create jobs. UK studies show that the historic environment offers a high return on investment. Each £1 invested generates up to £1.60 of extra economic activity over ten years. Heritage visitors stay longer, spend more per day and have a significantly greater economic impact.

Mount Stewart, Strangford Lough Case Study

Case Study

Mount Stewart,
Strangford Lough

Mount Stewart was the home of the Londonderry family for more than 250 years. Today it reflects the era 1920-1950, when the 7th Marquess and his wife Edith made Mount Stewart their home. By the turn of this century, Mount Stewart was suffering from serious structural defects and subsidence. The National Trust embarked on a three-year, £8 million restoration project. They returned the house to its former glory and secured its long-term future. Since reopening, domestic and international visitor numbers have increased – to 195,000 in 2016 and to 236,000 in 2018.

01.2

New life for old buildings

Repurposing old buildings is the cornerstone of sustainable development because it creates more jobs and uses fewer resources than fresh construction. Reuse is one of the best ways to engage the private sector in heritage preservation. Companies recognise the benefits of regenerating local areas and consumers seek brands that stress their authentic roots. The process of using old buildings for new purposes is called ‘adaptive reuse’.

Closeup of the Merchant hotel

Case Study

The Merchant Hotel, Belfast

Ulster Bank’s old headquarters aspired to the heights of Victorian grandeur. Its sandstone façade boasts Doric and Corinthian columns, while cupids peek from the arabesques of its frieze. This edifice lay vacant for many years until Bill Wolsey of the Beannchor Group realised its potential. Beannchor bought the property and adjoining buildings. They were converted into the new suites and bars of The Merchant Hotel complex. It continues to win awards ten years after its completion.

The Merchant Hotel Belfast Case Study
Valuing Authenticity
01.3

Valuing Authenticity

We value authentic places because they remind us of how our world is shaped by history and people, giving us a sense of our roots and our place in the world. They are indispensable to a cohesive, prosperous and progressive society. Heritage buildings derive their authenticity from their intimate connection to a community’s development. Old farmhouses recall our agrarian past. Historic warehouses, factories and terraces chronicle our industrial development. These buildings tell the story of how we came to be who we are and they imbue us with the confidence to take charge of our future.

01.4

Attracting Investment

Exploiting a region’s cultural cachet is essential to attracting outside investment. All else being equal, cities compete on culture.The historic environment plays a decisive role in drawing creative people and the firms that need them. Heritage buildings not only attract large businesses, but also start-ups for a variety of reasons.

Attracting Investment