Time and date

CONSTRUCTION DIRECTORY

Subscribe to our Construction newsfeed

Share this page

Construction News

28/06/2018

Scottish Govt Invests £30m To Support Commercial Shipbuilding

The Scottish Government has issued a £30 million loan to provide working capital for Ferguson Marine Engineering Limited (FMEL).

The funds, along with investment from Clyde Bowers Capital, will help support commercial shipbuilding and help the company diversify its business.

It will enable the shipyard to target investment in repair and maintenance capability and to win business opportunities in areas like ship servicing and repair, low carbon marine projects and decommissioning work.

-- Advertisement --

Finance Secretary Derek Mackay said: "Commercial shipbuilding on the Clyde has a long and proud history, and it is essential that we continue to support this important industry and help it reach its full potential.

"This investment allows FMEL to further diversify their business by moving into innovative areas, like low-carbon marine projects, and target decommissioning work.

"The loan is a strategic investment in our industrial capability as both the marine engineering sector and commercial shipbuilding have vital roles to play in Scotland's future."

(CM/MH)

News Archive

Latest Construction News

20/12/2024

Green Light For 3,000 Homes At Edinburgh Airport's Old Runway

City of Edinburgh Council has granted planning permission for a major development on the site of Edinburgh Airport's disused runway. The 'Elements Edinburgh' project, led by Crosswind Developments, will deliver 3,000 new homes, 500,000 square feet of commercial space, hotels, and extensive open ...

20/12/2024

Major Glasgow Manufacturing Development Underway

Scotland's First Minister, John Swinney, and UK Minister of State for Science, Research and Innovation, Lord Vallance, have marked the start of construction on a new £20 million Oligonucleotide Manufacturing Innovation Centre in Glasgow. This state-of-the-art facility, due to open in 2025, will be ...

20/12/2024

SSEN Unveils Strategic Plan For Net Zero Future

SSEN Distribution has outlined a strategic plan to deliver a more efficient and sustainable electricity network, aligning with the UK's ambitious net zero goals. The company's Strategic Development Plans (SDPs) aim to address the challenges and uncertainties of the energy transition, including the ...

20/12/2024

North Lanarkshire Trials Innovative Low-Carbon Roads

North Lanarkshire Council is leading the way in reducing the carbon footprint of road infrastructure, partnering with Transport for West Midlands, Amey, and Colas on a groundbreaking initiative. As part of the ADEPT Live Labs 2 programme, the Centre of Excellence for Decarbonising Roads (CEDR) is ...

20/12/2024

Scottish Pupils Get Creative With Festive Hard Hat Designs

Over 300 primary school pupils across Scotland have had a taste of the construction industry thanks to a festive competition hosted by Barratt Homes and David Wilson Homes. Pupils from P2 to P4 classes in Inverness, Aberdeen, Perth, St Andrews, East Lothian, and Glasgow were challenged to design a ...

20/12/2024

CITB Delays Consensus Process To March 2025

The Construction Industry Training Board (CITB) has announced a delay to its Consensus process, which will now begin on 17 March 2025. The delay is to allow for the publication of the ITB review, expected in early 2025. CITB aims to align its 2025-29 Strategic Plan with the review's ...

19/12/2024

Elgin's South Street Regeneration To Begin In 2025

Work is set to begin on a major regeneration project in Elgin's South Street in early 2025. The first phase of the £18 million Levelling Up Fund project will see the demolition of several properties, including former shops and derelict sites. The development will include: • 38 new affordable ...

19/12/2024

Dumbarton's Artizan Centre Redevelopment Progresses

Ambitious plans to revitalise Dumbarton's Artizan Centre have moved a step closer with the granting of planning permission for the next phase of the project. West Dunbartonshire Council's planning committee approved the application to improve shopfronts, landscaping, and infrastructure at the town ...

19/12/2024

New Affordable Homes Coming To Linlithgow

CALA Homes (East) has been selected by West Lothian Council to build 15 new affordable homes in Linlithgow. The development, located at Preston Glade, will include a mix of house types, including two-bedroom bungalows, three-bedroom semi-detached houses, and one-bedroom cottage flats. All homes ...

19/12/2024

Taylor Roofs Expands With New Headquarters

Taylor Roofs, a leading Scottish roofing company, has expanded into a new headquarters in Livingston. The family-run business, which serves customers across central Scotland, including Edinburgh, Glasgow, and the Lothians, has outgrown its previous base in Bathgate. The new, larger premises will ...