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Wednesday, 01 August 2007 |
Over 7,300 jobs in Scotland will be created or safeguarded thanks to £48.9 million in Regional Selective Assistance (RSA) funding announced Enterprise Minister Jim Mather today.
Mather pointed to Glasgow based company, Allied Vehicles, which has accepted £600,000 towards the expansion of its Possilpark premises, as an example of the benefits RSA funding can bring. Allied Vehicles is one of the UK’s leading suppliers for specialty cars, and wheelchair accessible vehicles.
“Allied Vehicles' ambition to expand not only brings jobs and investment to Glasgow, it also supports Scotland's growing strengths in the manufacturing industry sector. It is encouraging to see the number of Scottish companies benefiting from RSA. This shows that the scheme not only helps attract global companies to Scotland, it also supports and helps businesses based here to flourish. The scheme will be crucial as we move towards our goal of increased, sustainable economic growth, said Mather.
Currently, RSA funding helps 63 businesses based in Scotland, 38 of which are indigenous to Scotland. RSA funding provides discretionary grants for investment projects which will create or safeguard jobs in Assisted Areas - areas designated for regional aid under European Community law. The RSA funding is linked with a planned capital expenditure of £194.7 million.
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