MEP Welcomes €1.9 Million Of Investment In Local Economies

15 November 2011
Alyn Smith MEP has today welcomed an investment of €1.9 million from the European Structural Fund aimed at creating employment and boosting local economies.

The cash injection will fund a variety of projects across Scotland, creating business spaces and community hubs, with an estimated 76 jobs being created as a result.

Commenting, Alyn said:

“These projects are a fantastic example of the key role that European Structural Funds can play in creating jobs and boosting the economy.

“As a result of this cash injection we will see the redevelopment of former derelict sites into business centres and community hubs, with employment opportunities for the local community.

“The Scottish Government’s approach of accelerating capital investment has been proven to have a positive impact compared to the UK government’s cuts agenda, which is putting the UK at severe risk of a double dip recession.”

The projects to share part of the funding today are:

  • £658,765 for Clydesdale Community Initiatives to refurbish a derelict site on the outskirts of Lanark. This will create an integrated training, ICT and enterprise hub. It aims to create 345m2 of workshop space together with a dedicated training facility for small and medium-sized businesses. It aims to support 5 enterprises and create 30 jobs.
  • £465,999 will go to the Stonehouse Development Trust to refurbish the Stonehouse Public Institute to create a key shared business centre and childcare hub. It will create 369m2 of business space and aims to support three enterprises and create seven jobs.
  • £226,680 to South Lanarkshire Council for a Market Towns Business Infrastructure project which will refurbish a former squash court in Lanark to create a business and enterprise centre. It aims to support seven enterprises and create 20 jobs.
  • £225,000 to Fife Council for the East Neuk Creative Industries Hub. This project will renovate and redevelop part of the Murray Library in Anstruther to provide six-eight affordable business units for let to small and medium sized businesses in the creative industries. It aims to support six enterprises and create five jobs.
  • £199,563 to South Lanarkshire Council for a Rural Industrial Site Redevelopment which will redevelop 14,450m2 of currently redundant and derelict brownfield site to provide five industrial plots. This will support eight enterprises and 12 jobs.
  • £145,296 to East Lothian Council to refurbish refurbish an existing former school for use as a rural business centre. This will provide space for four businesses and will create two jobs.