£3.6m boost for Borders Economy
15 June 2017
Hawick projects to create around 55 jobs
A business incubator centre in Hawick will help Borders
businesses establish themselves and grow, thanks to a £3.6 million
The funding will also:
- develop four industrial units at the edge of the town
- upgrade existing business facilities in Hawick's Tower
- secure commitment by Scottish Borders Council to fund and
undertake feasibility studies for regeneration of two further
redundant mill buildings to inform potential investors
The Scottish Government is working with Scottish Borders
Council, local businesses and community groups to further develop
the local economy, building upon the Hawick Action Plan.
The support is part of a £10m local economic development capital
grant fund, which is also supporting businesses in North Ayrshire,
Clackmannanshire and Fife.
Minister for Business, Innovation and Energy Paul Wheelhouse
"Supporting economic growth in the South of Scotland is a
priority for this government, creating and protecting jobs and
enabling local businesses to flourish.
"The business incubator in the former Armstrong's building will
give new and rapidly-developing companies the opportunity to come
together and grow. The new and upgraded business infrastructure in
and around Hawick will encourage entrepreneurs, generate start-ups
and ensure that the region can meet all the business needs that
expanding companies may have.
"This will boost the economy in the South of Scotland, creating
up to 55 jobs, and will let local businesses build upon the
reputation for innovation and hard work for which they are
Councillor Mark Rowley, SBC's Executive Member for Business and
Economic Development, said:
"These projects will not only provide new job opportunities in
Hawick but will hopefully act as a catalyst for further property
redevelopment and inward investment in the town in the future.
"Redeveloping the former Armstrong's building will deliver new,
small office units suitable for start-up firms and existing
businesses in the town centre and will also bring life back to a
building which has been empty and derelict for many years."