£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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HIE has approved a £251,575 investment in the design and delivery of an adventure tourism business support programme, believed to be the first of its kind.
The programme will form part of the HIE-led Northern Innovation Hub (NIH), a project that received £11 million from the UK Government and £1.7m ERDF support as part of the Inverness and Highland City Region Deal. The Deal is a joint £315 million initiative supported by both the UK and Scottish governments.
Tourism is one of four key growth sectors included in the NIH and includes digital and adventure tourism.
The adventure tourism programme will provide intensive engagement, support and interventions for up to 50 businesses and providers in the sector across the Highland Council area.
It will tap into the area’s natural competitive advantage and help firms collaborate, create scale and develop an understanding of new consumer markets in the growing sector.
Outcomes will include new and stronger working relationships between businesses and the wider sector. There will be support for innovation, entrepreneurship and ambition, as well as capacity and capabilities within individual businesses.
Seb Shingler, development manager for tourism in HIE’s Northern Innovation Hub team, said:
“The Highland Council area has more adventure tourism related businesses than any other Scottish local authority area. The sector also has significant potential for further growth, with most firms expecting more activity in the medium and longer term. It is therefore logical that tourism, particularly adventure tourism, is one of the key sectors covered by the Northern Innovation Hub.
“We are looking to engage a contractor to help develop the programme. It will include industry research and market intelligence, case studies and examples. It will help develop methods of attracting new customers, particularly from international markets, and to overcome the barriers specific to the sector.”
The project will act as a pilot and following a thorough review the model could be rolled out across the Highlands and Islands and Scotland.
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.