Skye salt firm expands production
evaporation pond that will produce an additional 1,000 kg of salt a year
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The Deal comprises a combined investment of £100m from both the UK and Scottish governments, and local partners including Highlands and Islands Enterprise (HIE).
Carroll Buxton, interim chief executive at HIE said: “Today’s signing is an important step in securing the long-term economic future of Moray and we are very pleased to play a part in delivering the deal.
“The investment will support projects that create opportunities to build on the local economy and diversify it to ensure that we have jobs for the future in our Moray communities. It will help support projects that promote innovation, drive growth and help deliver sustainable and inclusive economic recovery across the whole of Moray.
“We look forward to working closely with our partners to deliver projects in the Moray Growth Deal to bring important benefits over the next few years. These include the Moray Aerospace, Advanced Technology and Innovation Campus (MAATIC) and the Manufacturing Innovation Centre for Moray (MICM) which will support the growth of this key sector of the Moray economy.
Read more in Moray Council’s news release here https://newsroom.moray.gov.uk/news/gbp-100-million-investment-in-moray-endorsed-as-moray-growth-deal-signed
evaporation pond that will produce an additional 1,000 kg of salt a year
Investment by Forres-based Maclean’s Highland Bakery will create up to five new jobs
Highland Galvanizers, is upgrading buildings equipment and infrastructure at is premises in the town’s Pinefield Industrial Estate where it employs 34 people
Lochaline Quartz Sand Limited is set to double its production and increase annual turnover by more than £2.6m.
Fetcha Chocolates Limited is investing in new equipment to quadruple its capacity, increase turnover and create employment.
HIE has appointed Benbecula company D Macdonald (Building Contractors) Ltd to create seven new units at Eabhal. Business Park
A £1.3m contract has been awarded for the refurbishment of a building on Enterprise Park Forres to create the new Manufacturing Innovation Centre Moray (MICM).
The funding can help cover the costs of equipment, new technology or fixtures and fittings, or to construct, adapt or upgrade business premises or other infrastructure.
People interested in developing and applying their ideas on the use of technology to start or grow a business can attend in person or online.
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.