Invest NI asking for grant money back.

As much as I've jibbed Invest NI in the past they seem to be doing something in the positive. Since Nortel went into administration in January, Invest NI have decided that the huge bung of funding it got (£7.4M), they now want back as it goes against the terms of the deal.

So Nortel don't feel left out, Invest NI are also looking to do the same with the likes of Visteon, FG Wilson and Shorts/Bombardier (who knew the aviation sector was going to fall on it's backside, every aviation analyist going, who still gave them money to secure jobs in Belfast, Invest NI!).

Whether anything acutally comes back from the Nortel investment remains to be see, that's more down to the administrators and not Nortel.