Argyll marine firm scales up with new high tech survey vessel
The project by Oban based Tritonia Scientific Limited will support four jobs and is forecast to increase the company’s turnover by more than £1m within three years.
Make your life easier with a MyHIE account. It’ll save you time, help you find and organise content based on your needs and interests.
We particularly welcome the launch of Crown Estate Scotland’s offshore wind leasing round at this time.
Whilst we are very much focussed on the immediate economic crisis caused by the global pandemic, it is incumbent upon us to look ahead to new opportunities for our region.
The ScotWind offshore wind leasing round, aligning with Marine Scotland’s Sectoral Marine Plan will make provision for up to 10GW of new projects to be operational between around 2025 through to the early 2030’s.
These projects will touch every part of the Highlands and Islands, offering large scale offshore energy opportunities, which have to date been largely confined to the east coast.
Many of the sites are likely to require different technologies such as floating structures due to water depths. These technologies lend themselves to local production and are well aligned with the skills and expertise honed by the Highlands and Islands business base through decades of experience in oil and gas.
While still a number of years away from construction, we’re encouraged by the early, detailed engagement from the companies planning to bid into ScotWind. This will be vital if the industry is to embed 60% UK content into projects in line with the Offshore Wind Sector Deal commitments.
We are working with the supply chain across the North of Scotland, through O4B for example, and in supporting the development of the DeepWind offshore wind cluster. This is about connecting industry, academia and government agencies in new ways to prepare for the scale up in activity and opportunity offered by the leasing round.
The Crown Estate Scotland’s Supply Chain Development Statements could be a key factor. We expect these to help instil further confidence in supporting the growth of the Highlands and Islands supply chain to meet the demands of the offshore wind industry across all parts of the region.
This will create inclusive, sustainable employment opportunities through to the middle of this century and beyond.
The project by Oban based Tritonia Scientific Limited will support four jobs and is forecast to increase the company’s turnover by more than £1m within three years.
Gow’s Lybster Limited is installing Migatronic CoWelders that will significantly improve productivity and ensure consistent high-quality workmanship.
The project is forecast to generate more than £340,000 turnover in the next three years and create three jobs within five years.
Food and Drink TechHUB will provide financial and advice support to help businesses, including social and community enterprises, with commercial growth and net zero transition activities.
The improvements will enable the company to continue its growth through increased capacity and efficiencies in production.
The new Leica scanner will enable Envision to offer a broader range of services to existing and new clients.
The HIE funding will help meet the costs of plant and equipment and help lever in significant private sector investment to the project.
As a result of HIE’s support, businesses in the area are set to see combined turnover rise by £22.4m, while international sales will grow by £661,000.
As a result of HIE’s support, businesses in Moray are forecast to see combined turnover rise by more than £85m and international sales by almost £14m.
The project is expected to continue to attract innovative marine businesses, creating new well-paid job opportunities, particularly for young people, and encouraging entrepreneurship.