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.
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The project is being taken forward by the Ullapool Harbour Trust (UHT), a high-impact social enterprise. It will benefit visiting leisure craft, local businesses, fishing boat operators and the cruise ship sector.
The harbour currently has 40m of tidally restricted pontoons and no overnight berthing, which restricts access for yachts. Tenders for visiting cruise ships share access to the existing pontoons with fishing boats.
On completion of the improvements, there will be 400m of available berthing providing space for yachts, local small boats, marine tourism operators and inshore fishing vessels. There will also be a dedicated area for cruise ship tenders.
The pontoons will be protected by a floating attenuator. The facility will provide all abilities safe access and lengthen the chain of modern marina facilities in the northwest.
Alastair Nicolson, HIE area manager for Lochaber, Skye and Wester Ross, said:
“This project will enable Ullapool Harbour Trust to significantly enhance a valuable community asset, greatly improving economic and community resilience in the area.
“It will support marine tourism by making the town a more attractive visitor destination for those arriving by sea. It will also improve local business operations, help retain existing jobs and create new ones.
“I am very pleased we are able to support the project and look forward to seeing it take shape.”
Kevin Peach, UHT CEO and Harbourmaster, said:
“The project has been six years in the making and with the generous backing of HIE has finally become a reality, for which we are all extremely grateful. The extended and enhanced pontoon facilities will benefit both local and visiting leisure and fishing vessels plus massively enhance the visitor experience for our growing cruise ship market.”
The inner harbour development is linked to a larger project to widen Ullapool’s Shore Street, or the A893 as it is also known, which is the shortest trunk road in Scotland at 540 metres. Since 2014, this has seen a 37% growth in traffic, linked to the introduction of road equivalent tariff (RET) for ferries, the larger Loch Seaforth ferry, and the North Coast 500.
Business Minister Ivan McKee said:
“Ullapool Harbour Trust provides a positive economic impact at a local, regional and national level and plays a vital role in creating and maintaining prosperity by supporting movement of goods and people, along with facilitating key industries including fishing and marine tourism.
“It is great that Highlands and Islands Enterprise have been able to support the development to extend and enhance the pontoon facilities at Ullapool Harbour.”
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.
As a result of HIE support, businesses in the area will see total turnover rise by £14.5m and international sales by £1.9m.
Figures show HIE approved £1.5m investment across 18 Shetland projects 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.
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£250k helped leverage a further £3.6m in national investment
Event in Portree on Saturday 27 April to encourage more people into the profession
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A community project is under way in Knoydart to improve cycling facilities for visitors and residents.
Sumitomo Electric UK Power Cables Ltd plans to establish major operations in the region, supplying high voltage cables to the growing offshore wind energy sector.