Scottish Enterprise confirms £9m RSA jobs boost
Over 1000 jobs are to be created or safeguarded thanks to nearly £9 million of Regional Selective Assistance (RSA) funding, a Scottish Enterprise report revealed today (Tuesday 1st November).
RSA grants were accepted by 25 businesses between July and September 2011. The funding will support the planned investment of over £28.7 million, creating 663 jobs and safeguarding a further 374.
Chief executive of Scottish Enterprise, Lena Wilson, said: “These quarterly results show that despite ongoing tough economic conditions, companies in a variety of sectors are continuing to expand and develop, proactively creating more opportunities for themselves and for local economies.
“Regional Selective Assistance allows us to help home-grown companies stay in Scotland and realise their ambitious growth plans and just as importantly, allows us to help foreign investors chose Scotland as the ideal place to locate and invest.
"That’s exactly what Scottish Enterprise is here to do – help forward-thinking companies become even more successful and in doing so, increase turnover, create new jobs and drive wealth back into the Scottish economy.”
A significant number of RSA awards were made to the manufacturing industry with 13 companies accepting a total of £5.9 million of funding to create 392 new jobs and safeguard a further 347. Companies set to benefit include Rohm and Haas Limited, Grangemouth, Smith Anderson Group Limited, Kirkcaldy and Spectraglass Limited, Perth.
The creative industries sector was also a large beneficiary with three companies receiving a collective £750,000 of funding to create or safeguard 59 jobs. Axis Productions Limited, Glasgow, eeGeo Limited, Tayside and Reloaded Productions Limited, Edinburgh will benefit.
Geographically, three awards were accepted in the Highlands and Islands with Porex Technologies Ltd, Kirker Europe Limited and Ocean Kinetics Limited, accepting £925,000 to create and safeguard 125 jobs. Glasgow and the east were also large beneficiaries.
The full RSA quarter 2 report can be accessed here.