Investment for Glasgow shipyards – Fishupdate.com

Investment for Glasgow shipyards Published:  31 August, 2005

A MULTI-MILLION pound investment package for BAE Systems’ Govan and Scotstoun shipyards, supported by grant assistance from the Executive is expected to create and safeguard hundreds of jobs in Glasgow.

Investment of £18.5 million from BAE Systems Naval Ships, supported by a government Regional Selective Assistance (RSA) grant of £4.1 million, is aimed at creating 401 new jobs and safeguarding 205 existing jobs over the next 18 months. The Glasgow investment will allow extensive upgrading and modernisation at the docks and deep water berth facility, as well as the construction of additional office and training accommodation. The plans were announced yesterday during a visit by Enterprise Minister Nicol Stephen and are designed to improve the longer term competitive position of the yards across a range of naval work.

Mr Stephen said: “I am delighted we can play a part in helping to grow the business here through an RSA offer of £4.1 million. This will help to create 400 high quality manufacturing jobs and sustain more than 200 existing posts.”

BAE Systems Naval Ships is a warship prime contractor and systems integrator for the UK Ministry of Defence and selected export customers. The company provides a complete warship capability, from generating initial concepts through to evolving in-service support solutions. BAE Systems Naval Ships has facilities in Scotstoun and Govan in Glasgow and in Filton, near Bristol. The company employs approximately 3000 people and had a turnover of approximately £350 million in 2004.

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