|
Seven
Lanarkshire firms set to benefit from £1.6 million Scottish Executive
grants.
Antel Plastics Ltd will use an RSA grant of £270,000
to create 29 new jobs at
its Shotts facility.
 A
manufacturer of plastic food packaging is one of seven Lanarkshire firms set
to benefit from £1.6 million Scottish Executive grants.
Deputy Enterprise Minister Allan Wilson said that the latest round of
Regional Selective Assistance (RSA) awards will help create or safeguard
more than 270 jobs in the area and should lever in total investment of more
than £10.5 million.
Mr Wilson said that Antel Plastics Ltd will use an RSA grant of £270,000 to
create 29 new jobs at its Shotts facility.
He said:
“I am delighted that RSA is continuing to support a wide range of
Lanarkshire businesses across a number of sectors. This is not only helping
companies of all sizes to invest in their future, but is creating vital jobs
opportunities across Scotland.
“From the manufacture of food packaging to family-run bakery businesses, RSA
provides crucial funding to help local economies to prosper and grow.
“This is good news for Scotland’s economy and I would encourage other
Lanarkshire firms to consider what RSA can do for them.”
Other Lanarkshire firms to benefit in the latest RSA funding round include:
• Bell Bakers – founded by the Bell family in 1931, this firm produces a
range of baked goods from its premises in Shotts. RSA of £140,000 will help
the firm safeguard 10 jobs.
• Northburn Industrial Services – refines and recycles waste oil. RSA
funding of £195,000 will help the company create 10 new jobs and safeguard a
further eight at its Coatbridge premises.
• M&A Thomson Litho – typesetting, printing and binding company based in
East Kilbride. An RSA grant of £700,000 will help the firm safeguard 130
jobs.
NOTES:
1. The latest RSA quarterly report, detailing offers accepted across
Scotland between January and March 2006, was published today. The full
report can be found on the RSA Scotland web page at
www.rsascotland.gov.uk
2. Please note that two of the individual RSA offers contained in the report
have previously been announced. These are:
Soccer Circus Ltd, 3 January 2006:
http://www.scottishdevelopmentinternational.com/news/shownews.asp?newsid=494
Johnson & Johnson, 7 February 2006:
http://www.scottishdevelopmentinternational.com/search/shownews.asp?newsid=467&locale=en
3. Regional Selective
Assistance (RSA) is the main national scheme of financial assistance to
industry. It provides discretionary grants for investment projects that will
create or safeguard jobs in Assisted Areas – areas designated for regional
aid under European Community law. The scheme is administered by the RSA
Scotland Unit of the Scottish Executive.
4. Payments of RSA are made in instalments as job and project expenditure
targets are met.
5. The amounts quoted above and in the report, therefore, represent the
maximum grant potentially payable if the project is satisfactorily
completed, and not the amount actually paid to date.
6. All job numbers are based on firms’ forecast figures at the time a grant
is offered, and are subject to change depending on future economic
conditions and other factors affecting the business concerned.
7. The current RSA map expires at the end of 2006 and the European
Commission’s regional aid settlement for 2007 onwards will offer reduced
scope for RSA in Scotland. For further details, go to www.rsascotland.gov.uk
Contact: Claire Delaney – 0131 244 2547 / 07767 411 988
News Release: NREL
Internet:
www.scotland.gov.uk
|
