The Scottish government has awarded £1.98 million (US$2.67 million) in relief funding for the development of a new marine technology park that will help boost the shipping, shipbuilding, and marine engineering industries that depend on the River Clyde near Glasgow.
The 20-hectare Scottish Marine Technology Park (SMTP), a project of local contractor Malin Group, recently received planning consent with phase one construction slated to begin in the coming months. The new funding means phase two of the project, which will involve redevelopment of the quayside, has also cleared to commence upon completion of the earlier phase.
Once completed by 2024, the SMTP will include several large fabrication facilities, room for a large number of smaller suppliers, and a deep-water jetty with a 1,100-tonne ship hoist.
The £1.98 million awarded by the government through the West Dunbartonshire Council is part of a larger £11 million (US$14.84 million) stimulus package awarded to 12 River Clyde development projects that are recovering from the impact of the Covid-19 pandemic.