An Islands Growth Deal, which will contribute £9 million towards Lerwick Port Authority’s planned Ultra-Deep-Water Quay, has been signed by representatives of the UK and Scottish Governments and the Shetland, Orkney and Comhairle nan Eilean Siar (Western Isles) Councils.
Over 10 years. the Deal will invest in a range of 16 projects and programmes in the islands around three strategic themes of low carbon; supporting growth and future industries; and thriving sustainable communities.
Funding of £50 million from each of the Scottish and UK Governments is anticipated to attract further investment of up to £293 million in match funding. Up to 1,300 jobs are expected to result.
Port Authority Chief Executive, Captain Calum Grains, said: “The signing of the Deal is a significant step in developing the economies of the three island groups, and in progressing our Ultra-Deep-Water Quay at Dales Voe, with a major contribution to funding.
“The Deal recognises the importance of the quay in transforming Lerwick’s role as a national asset in decommissioning oil and gas production platforms and in developing offshore windfarms.”
The signing took place in Kirkwall, Orkney.
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