Argyll marine firm scales up with new high tech survey vessel
The project by Oban based Tritonia Scientific Limited will support four jobs and is forecast to increase the company’s turnover by more than £1m within three years.
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Figures compiled by Highlands and Islands Enterprise (HIE) show that businesses and communities supported by the agency in Caithness and Sutherland during last financial year are set to create or retain more than 50 jobs.
HIE’s outturns for 2023/24 were achieved through a combination of financial and non-financial interventions by the agency.
They included investments of more than £1.1m in 26 projects with a combined total cost of £4.05m. The organisation also helped to attract almost £2.5m in external investment.
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.
HIE’s support for social enterprises, meanwhile, is forecast to bring about a £480,000 uplift in the social economy.
There was also support for businesses across the patch to innovate, diversify, grow and create new jobs.
They included a £94,700 approval for Reid’s Bakery in Thurso towards the cost of specialised equipment. An expansion project by GMG Energy Limited in Sutherland was awarded £65,200 and a £250,000 investment was approved to help Dunnet Bay Distillers Ltd establish a whisky distillery within the Castletown Mill.
Community led initiatives receiving investment support included £250,000 towards the £4.9m renovation of the John O’ Groats Mill by the John O’ Groats Mill Trust.
The Assynt Development Trust, Kyle of Sutherland Development Trust and the Scourie Community Development Company all received support to deliver local benefits.
Eann Sinclair, HIE area manager for Caithness and Sutherland, said:
“It was great to be able to support so many business and community projects across Caithness and Sutherland last year. It was equally pleasing to see the recent completion of the £2.7m project to create small business units at Wick Business Park, and the encouraging progress with the ground infrastructure at Sutherland Spaceport near Tongue.
“We remain ambitious in the current year and continue to challenge ourselves to identify and pursue more economic opportunities as they arise. That’s what our five-year strategy, launched last year, is all about and we look forward to continuing to work with our partners, businesses and communities to secure further economic benefits for the area.”
The project by Oban based Tritonia Scientific Limited will support four jobs and is forecast to increase the company’s turnover by more than £1m within three years.
HIE has appointed Benbecula company D Macdonald (Building Contractors) Ltd to create seven new units at Eabhal. Business Park
Gow’s Lybster Limited is installing Migatronic CoWelders that will significantly improve productivity and ensure consistent high-quality workmanship.
A £1.3m contract has been awarded for the refurbishment of a building on Enterprise Park Forres to create the new Manufacturing Innovation Centre Moray (MICM).
The project is forecast to generate more than £340,000 turnover in the next three years and create three jobs within five years.
Food and Drink TechHUB will provide financial and advice support to help businesses, including social and community enterprises, with commercial growth and net zero transition activities.
The funding can help cover the costs of equipment, new technology or fixtures and fittings, or to construct, adapt or upgrade business premises or other infrastructure.
The improvements will enable the company to continue its growth through increased capacity and efficiencies in production.
The transformation at John O’Groats has attracted millions of pounds in investment through private, public and community-led initiatives.