Wednesday, 04 November 2021 20:15

Taskforce announces £2m to support Fife businesses

The sixth meeting of the Fife Taskforce has announced more than £2million in funding to support businesses and regenerate communities in the area.

Four local projects are set to receive £2,070,000 from the £6million set aside to support the Fife Taskforce’s Action Plan. £3.3million of this total has now been allocated.

£1.17million will be given to Queensway Green Technology Park. This will see the regeneration of Queensway Industrial Estate into a modern business and technology park, utilising its proximity to RWE’s Biomass Power Generation facility.

£150,000 will be given to Glenrothes Paper Limited, as assistance for an employee-led bid to buy part of Tullis Russel, and save 10 skilled manufacturing and production jobs.

Half a million pounds will go toward creating a dedicated “one-stop shop” approach to developing and entrepreneurial culture and improving the performance of new businesses through the Glenrothes Enterprise Hub.

A number of town centre improvements, support for community groups, support for the Tullis Russell Mills Band and a retail showcase and education centre will share £250,000.

Deputy First Minister John Swinney said: “The focus of the Taskforce is on action that continues to assist people, businesses and communities affected by job losses in central Fife. Supported by £6 million from the Scottish Government these initiatives will help deliver economic growth in the Glenrothes area and Central Fife. These announcements show that we are getting the most appropriate help and support in place as quickly as possible.

"We would like to recognise the continued efforts, not only of the public sector agencies involved, but also of the private sector that has also done all it can to help offer jobs and opportunities to those made redundant.

“There is still work to be done and opportunity to be created. The Taskforce has a specific vision and an immediate plan of action to support workers and use the £6 million we have provided to support the local community and the wider Fife economy.”

Fife Council Leader, Councillor David Ross, added: “I am pleased with what has been achieved to date through the Task Force, but the job is by no means finished. There are still significant numbers of workers directly affected by the Tullis Russell and other closures who require our continued support, and that will be forthcoming.

“We also have much to do to support the creation of alternative employment opportunities in the Glenrothes and wider Fife area to replace the jobs lost at Tullis Russell and elsewhere.

“We are making progress on this and I would like to thank all those from public, private and voluntary sectors who are making valuable contributions to this work.”

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