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Holyrood opinion poll

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Regional selective assistance vital to Scotland, says Minister Print E-mail
Monday, 04 June 2007

Enterprise Minister Jim Mather has said that regional selective assistance is necessary to grow the Scottish economy, as the annual summary for 2006/07 shows that companies in Scotland accepted £92m of RSA grant offers last year, creating or safeguarding more than 9,000 Scottish jobs.

The summary shows that Scottish firms accounted for 61 per cent the 134 RSA offers accepted, which in total related to projects with planned capital expenditure of £416m.

Small and medium sized enterprises accounted for 86 of the RSA offers, accepting total grant of more than £18m towards the investment of £72m and over 2,000 associated jobs.

Mather said: “Our overarching priority is to deliver strong, sustained and sustainable economic growth. Regional Selective Assistance is vital if we are to encourage the investment and job creation in less advantaged parts of Scotland which will help grow our economy as a whole.

“This Government will give businesses in Scotland a clear competitive edge. We will reduce and remove business rates to give small and medium sized businesses a competitive tax position, creating a wealthier and fairer nation.

“As well as supporting home grown companies, RSA will continue to be used to attract inward investment which plays a key role in growing Scotland's economy. Companies know that our skilled workforce makes Scotland a highly attractive place in which to locate and invest. The range of businesses supported demonstrates the value of RSA in helping to grow Scotland's economy.”

Regional selective assistance 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, which are designated for regional aid under European community law.

There were 26 awards from the RSA in excess of £1m, including £10m to UPM-Kymmene (UK) Ltd, a paper manufacturer for a project to construct a biomass combined heat and power boiler at its facility in Irvine, and £9 million to Grangemouth based, diesel and petrochemical manufacturer INEOS Manufacturing Scotland Ltd.

There was also a £5.6m grant to aeroplane engine repairer, GE Caledonian Ltd in Prestwick, a grant of £1.99m to SGL Technic Ltd, a fibre manufacturer in Easter Ross, and £1.95m to financial services company Alliance Trust plc in Dundee.
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