Its chief executive Kieran Donoghue said: “The aim of this new initiative is to improve the overall competitiveness of Northern Ireland’s agri-food and drink processing sector.
“To this end, we are particularly seeking projects which are innovative and demonstrate how they will improve the productivity and sustainability of the business.”
Productivity is a measurement of how much economic output is created by each job or each hour of work.
Over the long term, increased productivity is needed for an improvement in living standards.
Since the financial crisis of the late 2000s, the UK has suffered from weak productivity growth and Northern Ireland has usually been the least productive part of the UK.
The major drivers of productivity are workers’ skills, investment in the tools they need to work with like factory machines, and the adoption of the newest technologies.
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