Scottish Enterprise £1M grant saves and creates jobs

Ferguson Marine Engineering Limited has received a Regional Selective Assistance grant from Scottish Enterprise.

A total of 100 shipbuilding jobs at the last commercial shipyard on the Clyde are to be created and 125 jobs safeguarded thanks to the £1M grant. Scottish Enterprise’s Regional Selective Scheme provides investments to projects that will result in the safeguarding or creation of Jobs in Scotland.

It will enable the company, which was brought by Clyde Blowers Capital in 2014, to further invest in the site on the Clyde, which will help ensure the shipbuilding industry has a sustainable future.

The funding will go towards the refurbishment of its premises, along with new state of the art equipment. The project has a total projected cost of £12M.

The company have recently secured business worth £110M, which includes a £97M order for Caledonian Maritime Assets Limited to build two duel fuel ferries, the largest commercial vessels to be built on the Clyde since 2001.

Deputy First Minister John Swinney will visit the sight today. He said: ““Since Clyde Blowers took over the company, they have done a fantastic job of turning the company around, and I am delighted to visit their premises today to see just how much progress has been made.”

Paul Lewis, Managing Director of Scottish Development international and Scottish Enterprise International Operations said: “Since last September we’ve been working with Ferguson Marine Engineering Limited to help drive forward its plans of developing a successful, growing business with international ambition. Today’s announcement marks a significant milestone for the company and we will continue to work with them as they realise their full growth potential.”

 

 

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