Contact us

    Your Name (required)

    Your Email (required)

    Your Message

    Scottish sailing industry riding the crest of a wave

    Category: Scotland Finance News — Paul Morgan on May 30, 2012

    Just two years ago, a report by Scottish Enterprise indicated that the sailing industry in the country was worth £100million. In the last two years, more people have started taking to the water, increasing its value.

    This growth was highlighted in a guide presented by Tourism Intelligence Scotland in November 2011.

    Suggesting that the market could increase steadily over the next ten years, it predicted that by 2020, the annual spend on boat tourism in Scotland could be as high as £145million.

    To take full advantage of the opportunity, many service facilities are upgrading their sites.

    A notable investment has been made by Tarbert Harbour that, with the help of a £200,000 Enterprise Growth grant, will increase its berths from 120 to 160. Speaking about the project, Alan MacDonald, chairman of the Tarbert Harbour Authority trustees, said:

    “Despite the recession, a lot of the boats coming in are bigger than they used to be so half the new berths will be to accommodate these bigger vessels,

    “The other half will be able to relieve the system and allow us to take any growth that appears over the next few years.”

    Though commercial finance in Scotland is still challenging to secure, other similar growth plans are in place across the country.

    Portvadie Marina in Loch Fyne has seen millions being spent on it and the surrounding area, whilst other areas in the north west are also developing apace.

    Directly, the marina is expecting to take on over 100 new staff within three years, whilst as other local business ventures such as hotels, restaurants and shops expand, the local economy looks set to be boosted.

    'Disclaimer: The information contained in these articles is of a general nature and no assurance of accuracy can be given. It is not a substitute for specific professional advice in your own circumstances. No action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a consequence of the material can be accepted by the authors or the firm.

    1 Comment »

    1. I’m not surprised the industry is growing – in a recession, people don’t want to venture far from the UK because it’s expensive. People also want to have more active holidays, so will look to save money on having to exchange big wads of euro notes and expensive plane fares and driving over the border instead.

      Doing it this way is also more ‘green’, which a lot of people now are keen to be.

      Comment by Jenny — November 20, 2012 @ 11:57 am

    RSS feed for comments on this post. TrackBack URL

    Leave a comment

    IFS Guide
    IFS Presentation
    NACFB - Helping Fund UK Businesses  Federation of Small Business