There were two positive announcements for the Scottish economy last week, as two companies announced expansion plans which could create hundreds of new roles.
The news shows that for both big and small Scottish companies, there are clear signs of recovery. Coming on the back of good ONS and SRC figures too, it reflects well on new financial strategies that firms have introduced too.
Many are moving from traditional borrowing to more flexible approaches; using factoring and other forms of invoice finance, for example.
A total of 50 positions have already been created in Moray, as Atos has opened a new 20,000 square foot development and innovation centre. The Venture House development, located in the Forres Enterprise Park, is just the first part of ambitious plans by the IT services company.
Further investment could see more than 200 jobs created at the centre, which is being used for secure testing and development work. Talking about the plans, the senior vice president in Scotland for Atos, Gavin Thomson, said:
“The initial commitment we made was to create 50 high value skilled jobs here in Moray. The operation has been extremely successful for us and has provided the confidence to invest further.
“This new facility has the capacity to house up to 250 staff and it is our ambition to grow our investment here over the next three years.”
Further good news came in the Borders, as Glenrath Farms announced plans for a new egg pasteurising plant. Located at Millennium Farm between Eddleston and Leadburn, the factory would see 30 new positions created.