RSA secures 700 jobs

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01 August 11

Over 700 jobs are to be created or safeguarded in Scotland thanks to £7 million of Regional Selective Assistance (RSA) funding from Scottish Enterprise over the last three months.

Nineteen businesses were awarded RSA grants creating 498 jobs and safeguarding a further 212, according to the latest Scottish Enterprise report for the period April to June 2011.

Key beneficiaries

  • Steel Engineering Limited awarded £1.8 million, with 120 planned jobs to develop its welding and fabrication services in Renfrew
  • Financial services companies awarded a total £1.6 million, creating 199 jobs:
    • Capital Accumulation Services Limited
    • Mercer Limited
    • Pastdue Credit Solutions Limited
    • Scottish manufacturing companies awarded a total of £1.9 million, creating 126 new jobs and safeguarding a further 100, including:
      • Cormac Limited in Edinburgh
      • Symbiosis Pharma Services Limited in Stirling
      • Emergency One (UK) Limited in Cumnock

      Lena Wilson, chief executive, Scottish Enterprise, said:

      “We use RSA to help encourage both indigenous and foreign companies to invest in Scotland, creating a stronger, more globally competitive economy and in doing so, successfully create and safeguard jobs for our economy.

      “These latest results show a high number of manufacturing companies, highlighting the significant progress that the Scottish manufacturing industry continues to make in ongoing tough economic conditions.

      “We know that Scotland has world class capabilities and it’s our role to make sure that we create the right environment for companies to grow their businesses in Scotland. By awarding RSA to ambitious companies we can further raise Scotland’s reputation as a key player in the international marketplace.”

      Enterprise Minister Fergus Ewing said:

      “Over the last three months, more than 700 jobs have been created or safeguarded across Scotland through £7 million of Regional Selective Assistance (RSA) awards from Scottish Enterprise.

      “The Scottish Government, Scottish Enterprise and Scottish Development International is working hard to deliver new jobs and inward investment to communities across the country. Scotland has the ideas, infrastructure and skilled workforce to deliver success and this is reinforced by the many world leading firms who chose Scotland as a base to do business.”

      Download the full RSA Quarter 1 report