£1 million grant for Ferguson Marine

Members of the Scottish Cabinet are touring round Greenock today. It all kicked off this morning when Deputy First Minister John Swinney announced a £1 million grant for Ferguson Marine Engineering Limited. This grant, awarded by the Scottish Enterprise, will secure 100 jobs as well as safeguarding a further 125.

Just last year the Scottish Government task force helped to find a buyer for the company to save it from administration. Since then it has gone from strength to strength, with an order book of £110 million, including a £97 million order for Caledonian Maritime Assets Limited (CMAL). CMAL have ordered the construction of two new hybrid ferries that will be the largest commercial vessels to be built on the Clyde since 2001.

It is wonderful to see such a long history of commercial shipbuilding on the Clyde being protected by the Scottish Government. I am looking forward to Ferguson Marine playing an important role in Inverclyde for the foreseeable future.

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