Posts tagged Highland
The 13.3 acre University of the Highlands and Islands (UHI) development will create 300 jobs during construction, a minimum of 28 modern apprenticeships and provide facilities for over 8,500 students.
Inverness is the first Further Education college to use the Non Profit Distributing (NPD) financing model with City of Glasgow and Kilmarnock colleges to follow later in the year.
NPD ensures that private sector returns are capped, that there is no dividend bearing equity, and any surplus is directed in favour of the public sector.
Other major projects in the £2.5 billion NPD pipeline include M8, M73 and M74 improvements, while construction work has already begun on community health buildings in Aberdeen, Forres and Tain.
Ms Sturgeon said: “The new £50 million Inverness College UHI will be a landmark building, the centrepiece in a high quality, modern and sustainable campus being developed on the outskirts of the city.
“This Government is determined to invest in Scotland’s infrastructure – our schools, roads and hospitals – both to stimulate growth in the short term and lay the foundations for long term success.
“That is good news for the Highland economy and its construction industry and will attract businesses and highly trained professionals to the Highlands to help stimulate economic growth.
“Our investment in schools, hospitals, roads and other infrastructure is set to top £3.4 billion in 2013-14, which is estimated to support more than 40,000 jobs across the Scottish economy.”
Education Secretary Michael Russell said: “The Scottish Government has demonstrated its commitment to Scotland’s college sector by adding £61 million to the sector’s budget over the next two years compared to what was originally planned for the spending review period.
“We are progressing college reforms that will substantially improve students’ chances of securing a job at the end of their course, as well as ensuring local businesses are able to employ the right people with the right skills.
“Our investment in Inverness College UHI sits alongside upcoming investment in Glasgow and Kilmarnock colleges to ensure our students have state of the art learning facilities to help them maximise their potential. The new Inverness campus will play a crucial role in the expansion of research, further and higher education in the Highland region.”
Barry White, Chief Executive of the Scottish Futures Trust (SFT), explained: “Reaching financial close of a project of this size and complexity in only 17 months is unprecedented. This project, funded through the SFT led NPD programme, is a massive boost to the local economy with the main contractor committed to deliver at least 25 apprenticeship positions.
“When it opens in summer 2015, Inverness College UHI will be housed in modern, high quality and fit-for-purpose buildings and achieve great value-for-money thanks to the collaborative efforts and professionalism of all partners involved.”
A wind farm that will create new jobs and generate £30 million for the Highland economy has been approved by the Scottish Energy Minister Fergus Ewing.
The 85-megawatt project will have 25 turbines and generate up to the equivalent of the energy needs of 40,000 homes.
The wind farm, by developers RidgeWind, will employ 90 people for its two-year construction and three people directly and three indirectly once up and running.
Mr Ewing said: “The construction will provide a valuable boost to the local economy, injecting £30 million and creating 90 jobs.
“Once it is up and running it will save thousands of tonnes of carbon dioxide each year, and it is expected that the savings made will ‘pay off’ the carbon footprint of constructing the site in less than two years.”
The developer is set to provide five £1000 scholarships for local young people going on into university or technical college.
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