Hyundai MoU could benefit Highlands and Islands
The signing of a memorandum of understanding (MoU) between Scotland’s enterprise agencies and the world’s largest shipbuilding company could bring economic benefits for the Highlands and Islands.
A marina on the Isle of Bute is expecting to save up to 90% in its electricity costs while cutting its carbon emissions by 25% within a year.
Port Bannatyne Marina Limited has secured £29,350 investment from Highlands and Island Enterprise (HIE).
The funding will be used to buy batteries to support the installation of a solar powered energy generation and storage system that will power toilet, shower and office facilities at the marina.
As well as cutting carbon and helping the region’s transition to net zero, the project is forecast to help the business reduce its overheads, which will contribute towards ongoing profitability.
The 103-berth family run marina is located at the entrance to the Kyles of Bute and only three miles from the island’s main town of Rothesay. HIE has been working with the business for several years, including helping to fund an investment project in 2019 that helped retain jobs on the island.
Morag Goodfellow, HIE area manager for Argyll and the Islands, said:
“We’re really pleased to be supporting this project by Port Bannatyne Marina. This is an innovative company operating in a rural area where employment opportunities are particularly critical to the local economy. The company makes a valuable contribution to the visitor offering in the area.
“This latest project is an example of a company recognising the business and financial benefits of cutting carbon emissions while forming part of the region’s wider efforts to transition to net zero.”
John Stirling, Port Bannatyne Marina director, said:
“Future proofing the business is key to Port Bannatyne Marina, however managing the investment required is always a challenge. HIE’s support and assistance has been essential with our development programs.”
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