This item was published during the term of a previous administration that ended in April 2007
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Regional Selective Assistance quarterly report
14/11/2003
Businesses accepted over £9 million in Regional Selective Assistance offers during the period from July to September this year, according to the latest RSA quarterly report published today.
In total 35 businesses have benefited. They plan investment of over £41 million which will help create and safeguard over 1,500 jobs. Almost 70 per cent of the businesses accepting grant this quarter were Scottish owned.
Deputy Minister for Enterprise Lewis Macdonald today urged more eligible Scottish firms to use Regional Selective Assistance as a way of growing and developing their business.
Mr Macdonald said:
"These RSA offers are aimed at boosting business growth and investment, and investing in Scottish ideas and skills. RSA forms a vital part of our work to create the right conditions for economic growth.
"I welcome the fact that Scottish-owned businesses are continuing to benefit from funding, and I would urge all businesses to find out whether RSA can help grow their business, now and in the future.
"Alongside this support for local projects, we are still looking to attract inward investment from firms that can offer high-value jobs and projects."
Examples of firms listed in the latest RSA quarterly report are detailed below.
PharmaImaging Group Limited is a start-up to be based in a new state of the art facility in Livingston, West Lothian. It will carry out clinical research studies for worldwide pharmaceutical companies using sophisticated scanning technologies. It will also use its facilities to enable the early
detection and treatment of illnesses such as cancer. The company has
accepted an RSA grant offer of £1.95m, the largest grant accepted this quarter.
Cascade Technologies Ltd is a new Scottish start-up company created from a PhD research project at the University of Strathclyde. The company will develop and market portable gas sensors, using innovative technology, for the defence, security and health care industries. An RSA offer of £180,000 aims to assist the company to expand.
Weir Pumps Ltd - Weir Services Division is a part of the Weir Group PLC, an engineering company founded in 1871 which has its global headquarters in Scotland. It accepted an RSA offer of £220,000 for a project to establish a hydro electricity plant upgrade & refurbishment service in Alloa aimed at the hydro power generation industry. .
OKI (UK) Ltd, is a Japanese owned company which manufactures consumable products for printers and faxes, assembles and configures printers & faxes to customer specifications and distributes throughout Europe, the Middle East and Africa. The company has accepted an RSA offer of £900,000 to diversify and modernise the business in Cumbernauld.