100+ jobs supported by HIE in Moray in 2023/24
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, part of a broader £3m refurbishment, will reposition the hotel from its previous offering to a four-star luxury hotel and spa.
It will increase the number of jobs at the hotel from 17.5 full time equivalent posts to 40.8 and is forecast to boost turnover by up to 28%.
There will be significant improvements made to the guest rooms, public areas and grounds.
The Isle of Mull Hotel is an important contributor to the local economy on the island and a valuable source of rural employment. Once re-opened as a four-star hotel and spa, it is expected it will make a valuable contribution to economic recovery in the area’s tourism sector.
Confirming the HIE investment, Morag Goodfellow HIE area manager for Argyll and the Islands, said:
“Tourism is hugely important to the economy of Argyll and the Islands, and indeed the wider Highlands and Islands region. High value visitor accommodation is a vital part of the industry. It supports other local businesses, creates rural employment, and contributes to community resilience.
“The upgrade of the Isle of Mull Hotel will bring the facility into line with other hotels in the group and enable it to target the growing market of higher spend visitors. It will also create new jobs on Mull, including opportunities for younger people. We are very pleased to be able to support the project and look forward to the upgraded hotel re-opening.”
Chris Wayne Wills, CEO of Crerar Hotels said:
“Crerar Hotels are injecting over £2.5m into this, and other improvements to the Isle of Mull Hotel, resulting in the development of more than 20 new jobs across the hotel. I’d like to thank the Muileachs for all of their support over the years and HIE who have provided us with this funding, allowing us to complete the work ahead of what we believe will be a busy and successful year for the hotel. All of this will help continue to push the hospitality offering on Mull.”
The upgraded Isle of Mull Hotel is due to re-open in the spring.
Related Articles
£1.3m investment approved by HIE in the Outer Hebrides 2023/24
As a result of HIE support, businesses in the area will see total turnover rise by £14.5m and international sales by £1.9m.
£1.5m investment approved by HIE in Shetland in 2023-24
Figures show HIE approved £1.5m investment across 18 Shetland projects in 2023-24
Over 1,200 jobs supported by HIE in 2023/24
Figures compiled by HIE show that businesses and communities supported by the agency in 2023/24 are set to create or retain more than 1,200 jobs across the region.
HIE empowers graduates to drive economic growth
Six talented young people working at HIE over the past two years have secured permanent positions, bringing fresh perspectives and valuable skills to HIE’s economic and community development efforts.
Kintyre distillery to expand product range
Beinn an Tuirc Distillery is investigating the development of two new canned ready to drink (RTD) cocktail recipes.
North mill project a ‘great example’ of how to attract funding into region
£250k helped leverage a further £3.6m in national investment
Industry and public sector promote vital role of childcare for Skye
Partnership supports childcare career development in Skye
Update on Cairngorm funicular remedial works
A programme of remedial works to bring Scotland’s only funicular railway back into service at Cairngorm Mountain is entering a new phase during week beginning Monday 15 April.
Funding to help Museum extension to be more green
HIE funding will support the element of the project that focuses specifically on reducing carbon emissions and energy costs.
Community building certified carbon neutral
A new building to house facilities for visitors and local residents of a growing rural community on a west coast island has been certified as a net zero carbon building.