£3.2 million to realise high-value supply chain
investment.
A public-private agreement has been reached to help expand
operations and attract new investment at the Port of Montrose.
A Scottish Enterprise grant of £3.2 million will support a £7.2
million project to acquire and develop land just under two miles
from the port.
The new strategically-important site, Montrose Port Industrial
Park, will offer both existing and new companies greater
flexibility to grow and adapt alongside Scotland's thriving
renewables sector.
The Scottish Enterprise investment is part of the Scottish
Government's commitment to invest up to £500 million over five
years to develop the offshore wind supply chain and leverage an
additional £1.5 billion of private investment.
Deputy First Minister said:
“Scotland's offshore wind sector is already creating significant
opportunities, delivering jobs and attracting major investment
across the country.
“The Scottish Government has made it clear that Scotland is open
for business and we are working closely with Scottish Enterprise
and public sector partners to maximise investment and drive
growth in the sector.
“The Port of Montrose is a key asset in supporting Scotland's
offshore wind industry. This investment is the latest in a series
of strategic commitments we have made to unlock new opportunities
and secure Scotland's future as a renewables powerhouse.
Scottish Enterprise CEO Adrian Gillespie said:
“The expansion of Montrose Port is hugely important to providing
new infrastructure and space to support the continued growth of
the offshore wind sector.
“Montrose Port Authority has exciting plans for the future and we
are pleased to back that kind of ambition which will attract
further investment into Scotland's economy.”
CEO of Montrose Port Authority Tom Hutchison said:
“This investment marks a pivotal moment for Montrose Port,
further establishing our role as a key hub in Scotland's
renewable energy sector. By expanding capacity and attracting new
investment, we are creating valuable opportunities for business
growth, job creation and long-term economic prosperity - both
locally and across Scotland.
“We are delighted that Scottish Enterprise recognises the
potential of this project and supports our vision for sustainable
growth. This development reinforces Montrose's position at the
forefront of Scotland's energy transition, ensuring we continue
to drive innovation and play a vital role in the offshore wind
sector for years to come.”
Background
Recent investments made as part of the Scottish Government's
commitment of up to £500 million include:
Scottish Ministers will host a Global Offshore Wind Investment
Forum on Monday 17th March 2025 as part of a Green Industrial
Strategy commitment to raise the profile of Scotland as a
destination for capital investment.
Montrose Port Authority (MPA), the world's largest chain and
anchor port, is a key hub for transport, logistics and energy on
Scotland's North East Coast. As a trust port, MPA drives
sustainability, supports economic growth and plays a vital role
in Scotland's energy transition.
A leading hub for renewable energy, MPA has become a major
Operations & Maintenance (O&M) base for offshore wind.
The port is home to the O&M base for Scotland's largest
offshore wind farm, Seagreen, and will be the base for the
forthcoming Inch Cape wind project which will begin construction
later this year.
