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 approval was part of Ofgem’s decision on the Accelerated Strategic Investment (ASTI) framework to deliver Government’s 2030 offshore wind target of 50GW.
HIE chief executive, Stuart Black, welcomed the news this morning. He said:
“Clearly this is great news, not just for the Outer Hebrides, but for Scotland and the UK. Stakeholders have made tremendous efforts over many years to make the case for this approval and we’re absolutely delighted to achieve this crucial milestone.
“This will unlock the potential of island wind projects that have been consented for several years. These ‘shovel-ready’ projects will create a great many jobs. In the longer term, ScotWind projects will be able to connect and opportunities for marine energy can be realised. In short, it could be transformational for the economy of the islands and local communities.
“SSE Transmission can now start their procurement process to have the link built and operational by 2030. We very much look forward to working with them and other stakeholders to move the project forward and secure benefits for business and communities across the Outer Hebrides.”
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 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.
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.
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The owners have secured up to £175,900 investment from HIE towards the works, which will help boost annual turnover and support local jobs.