£250k boost for new whisky distillery in Caithness
The HIE funding will help meet the costs of plant and equipment and help lever in significant private sector investment to the project.
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The Shetland Space Centre (SSC) has been working with B2Space, a company that offers access to low earth orbit for small and micro satellites.
In July they ran a test of a system known as rockoon, which deploys large air balloons to launch rockets from the edge of the earth’s atmosphere.
The HIE funding will go towards the commercial and technical evaluation of using the system in Shetland. This includes assessing the current facilities and development plans and providing recommendations as to how such operations might be best hosted at the Shetland Space Centre.
John MacKenzie, senior development manager with HIE, said:
“This is an ambitious and innovative project by the SSC. We are very pleased to be providing support for the commercial and technical evaluation and look forward to the findings of this work.”
SSC was formed in 2017 and employs five people. The firm is working towards securing planning permission for a satellite launch facility at Unst.
It is working with the local community and Shetland Islands Council to ensure minimum impact and maximum benefit from what could be a major new sector of the local economy.
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.
The new product has been developed by Dunoon-based former construction industry director Allister Wood
There was support for businesses and social enterprises to lower emissions and improve efficiencies within their operations.
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.
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.
Beinn an Tuirc Distillery is investigating the development of two new canned ready to drink (RTD) cocktail recipes.
£250k helped leverage a further £3.6m in national investment
Plans to establish a new facility in Moray that is expected to support up to 300 manufacturing jobs in the next ten years have secured up to £5.6m capital investment.