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In this special episode of the 60 Second Challenge, we’re joined by Arlene Foster, former Minister for Enterprise, Trade and Investment. She shares insights into her role, the economic challenges facing Northern Ireland, and why innovation and support for entrepreneurs are essential to long-term growth.
Arlene Foster, the former Minister for Enterprise, Trade and Investment, sits down with Nick O’Shiel to take on the 60 Second Challenge. She discusses the variety in her role, from promoting trade and energy policy to supporting inward investment and tourism.
The conversation highlights key opportunities in Northern Ireland’s economy, the importance of research and development, and her advice for entrepreneurs starting a business today — including the value of seeking support from local enterprise centres and agencies like Invest NI.
If you’re looking to start or scale a business in Northern Ireland, explore how Omagh Enterprise’s DigiHub or Start a Business programmes can help you access advice, innovation support, and the space to grow.
Nick O’Shiel:
Hello and welcome to the 60 Second Challenge with Omagh Enterprise Company. I’m Nick O’Shiel, and today I’m joined by Arlene Foster, Minister for Enterprise, Trade and Investment, who has agreed to take the challenge. Minister, you’re very welcome.
Arlene Foster:
Thank you, I’m delighted to join you.
Nick O’Shiel:
As you know, the challenge is to answer six questions about your area of business in 60 seconds. So if you’re ready, I’ll start the clock.
Arlene Foster:
Okay.
Nick O’Shiel:
Can you describe your role as Minister for Enterprise, Trade and Investment?
Arlene Foster:
The job is very varied. We cover energy policy, health and safety, and more prominently, trade and enterprise promotion — as well as tourism. So it’s a broad and interesting portfolio.
Nick O’Shiel:
What most interests you about the role?
Arlene Foster:
Because it’s so varied, no two days are the same. One day I could be involved in tourism, the next on a trade mission or welcoming inward investment. I enjoy that variety immensely.
Nick O’Shiel:
And turning to the economy, what are some of the best things happening right now?
Arlene Foster:
Innovation is one of the brightest areas — especially at centres like this one. But we need more of it. Companies that invest in research and development see long-term benefits. It’s how they grow and compete.
Nick O’Shiel:
And the challenges?
Arlene Foster:
Access to finance is a big challenge across Northern Ireland. We’re working with banks and looking at what support government can offer too.
Nick O’Shiel:
What advice would you give to someone starting a business?
Arlene Foster:
Understand the sector you’re entering, and most importantly, seek advice — whether from your local enterprise centre or organisations like Invest NI, which offer plenty of support in person or online.
Nick O’Shiel:
And in three words or less, how would you sum up your experience as Minister?
Arlene Foster:
Varied, busy, and satisfying.
Nick O’Shiel:
We’ll stop the clock there — 2 minutes and 4 seconds. Minister, you’ve met the challenge. Congratulations and well done!
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