Aerospace jobs boost for Perthshire
Scottish Enterprise grants help create 30 new positions
Vector Aerospace in Perthshire has announced plans to create thirty new engineering jobs in the area with the prospect of another forty in the long term.
Finance Secretary John Swinney visited the companies premises in Almondbank today (Tuesday 27 November) where he heard more about the ambitious expansion plans.
Vector Aerospace announced at the start of the year that it would be restructuring its business, following the loss of a major contract and since then Scottish Enterprise has been working to support its proposals for modernisation.
Vector has been awarded two Scottish Enterprise grants worth £250,000 this will allow company to invest in a new training programme and create thirty new jobs. They have also developed their premises to take-on the repair of aero engines, creating the need for another 40 new staff.
Finance Secretary John Swinney said: “I am delighted to hear about the positive developments at Vector Aerospace and the creation of new jobs and investment is good news.
“Vector Aerospace have recognised the strength and talent of its Scottish workforce and it is clear the company has confidence in the future of the Almondbank facility.
“The Scottish Government, through Scottish Enterprise and Scottish Development International have worked closely with Vector Aerospace over the last six months and will continue to do so as Vector develops its future plans.”
Managing director of operations at Scottish Enterprise, Jim McFarlane said: “Vector Aerospace is a great example of a company that is continuing to invest in its people and its facilities to maintain a competitive edge in today’s challenging economy. We've worked closely with the company in recent months through our account management approach and we look forward to helping the company explore new market opportunities at home and internationally to support future business growth."
Business Director Component Services (UK) at Vector Aerospace, Mick O’Connor said: "We are delighted to welcome Mr Swinney here to our site and are especially proud of this vote of confidence by Scottish Enterprise and the Scottish Government.
“For our part, we are also investing in the future of Almondbank by transferring equipment and capabilities from other Vector Aerospace facilities to the site here in Perthshire and investigating new market opportunities including composite repair technology and aircraft landing gear. By doing this, we have been able to re-employ a number of people we lost earlier this year which has been great for morale and confidence at the site. This is only the beginning.”