Cruise Forum drop-in session in Stornoway
Organisations in Lewis and Harris planning on making the most of the cruise market can attend a drop-in session in Stornoway on Wednesday 20 March.
Make your life easier with a MyHIE account. It’ll save you time, help you find and organise content based on your needs and interests.
L&M Engineering has secured a grant of £58,914 from Highlands and Islands Enterprise (HIE) for the development, which is set to boost business turnover by £1.2m and create two jobs over the next three years.
The company is diversifying its operations to cater for additional aquaculture markets. At the same time, it aims to expand the range of services provided to its existing customers.
Currently employing around 30 people at its Lerwick base, the firm has been capitalising on opportunities within the local aquaculture market by introducing innovative services.
The L&M Engineering team has identified prospects for innovation and product development in the aquaculture sector. To facilitate this expansion into new markets, the company has invested in cutting-edge equipment, including CNC machinery, specialist design software and laser alignment tooling.
The machinery will enable local manufacture of products currently imported from Europe and beyond, reducing the carbon footprint. It consumes 60% less energy when idling and 45% less energy during operation when compared to more traditional machinery.
Katrina Wiseman, area manager in HIE’s Shetland area team, said:
“The aquaculture industry plays a crucial role in the Shetland economy. L&M has demonstrated excellence in providing essential services to support its growth. Our investment in this expansion project aligns with the company’s vision to meet the evolving needs of the aquaculture sector, ensuring sustainability, efficiency, and overall industry advancement. It also contributes to the region’s net zero transition by cutting carbon and energy costs.”
Steven Laurenson, director at L&M Engineering said that the new technical capabilities will provide enhanced services to their valued customers. He said:
“As a company, we place great importance on continued investment in our people, products and services. We are grateful to HIE for their assistance in delivering this project as we build on and increase our service offering.”
Ends.
Organisations in Lewis and Harris planning on making the most of the cruise market can attend a drop-in session in Stornoway on Wednesday 20 March.
A family business in Orkney is expanding to create the island’s newest whisky distillery, which will create jobs and support carbon reduction.
An event in Portree on 19 March is expected to attract business leaders and policy makers from across the west coast and be a catalyst for shaping the area’s future.
A new building to house facilities for visitors and local residents of a growing rural community on a west coast island has been certified as a net zero carbon building.
Support programme takes young entrepreneurs to the next level
Region’s community groups benefit from SLF awards
Funding boost for Shetland Seafood Auctions
Winners announced at Highlands and Islands Food & Drink Awards 2023