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The Port of
Prestonpans
Where will the money
come from?
THINK!
Where did the rest come from?
• £200million loan from the European Investment Bank (EIB)
• £36million in funding from the Aberdeen City & Region Deal and
the local councils
• The Scottish Government secured investment of £42million in the
MV Loch Seaforth and provided
• £17million for the infrastructure works at Ullapool Harbour.
£3.1million investment by Argyll and Bute Council
in Oban from £30m Council investment budget
• Mr Wheelhouse said: “The decision by Forth Ports to invest £10m
in Dundee’s quayside was a vote of confidence in the city and the
wider area.”
• The government has chipped in £5.5million to top up a £5.9million
allocation forming part of a first round of European and Maritime
Fisheries Fund payouts.
• HIE has approved £7.75m grant funding to the project over the coming
years. £2.3m of this total is being contributed by the European Regional
Development Fund (ERDF), and an application for a further £800,000
ERDF funding is under consideration. The HIE package also includes £2m
of additional funding from the Scottish Government.
• Nuclear decommissioning fund
• HIE has approved £7.75m grant funding to the project over the coming
years. £2.3m of this total is being contributed by the European Regional
Development Fund (ERDF), and an application for a further £800,000
ERDF funding is under consideration. The HIE package also includes £2m
of additional funding from the Scottish Government.
• City Deal
• The new quayside will be funded
jointly by the Port and HIE with
support from the European Regional
Development Fund (ERDF) and
commercial lender RBS.
• HIE approved grant funding of
£7.75 million with £2.3m of it being
contributed by the European Regional
Development Fund (ERDF) with an
application for a further £800,000
ERDF funding “under consideration”.
• The HIE package includes £2 million
of extra funding from the Scottish
Government.
• The £5.4 million funding from Royal Bank of Scotland will allow the
port to continue its ambitious growth project, which has already
received £1.5m in Scottish Government investment.
• £2.3m from the Scottish Government’s Regeneration Capital Grant Fund (RCGF)
• Highlands and Islands Enterprise – Masterplan staff support
• Scottish Government’s Decommissioning Challenge Fund - £73,000
Port
Funding
Summary
City Deal
Government
Grants
European
Funds
Local
Government
Grants
Regional
Development
Funds
Bank Loans
New: Scottish
Investment
Bank

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Funding The Port of Prestonpans

  • 1. The Port of Prestonpans Where will the money come from?
  • 2. THINK! Where did the rest come from?
  • 3. • £200million loan from the European Investment Bank (EIB) • £36million in funding from the Aberdeen City & Region Deal and the local councils
  • 4. • The Scottish Government secured investment of £42million in the MV Loch Seaforth and provided • £17million for the infrastructure works at Ullapool Harbour.
  • 5. £3.1million investment by Argyll and Bute Council in Oban from £30m Council investment budget
  • 6. • Mr Wheelhouse said: “The decision by Forth Ports to invest £10m in Dundee’s quayside was a vote of confidence in the city and the wider area.”
  • 7. • The government has chipped in £5.5million to top up a £5.9million allocation forming part of a first round of European and Maritime Fisheries Fund payouts.
  • 8. • HIE has approved £7.75m grant funding to the project over the coming years. £2.3m of this total is being contributed by the European Regional Development Fund (ERDF), and an application for a further £800,000 ERDF funding is under consideration. The HIE package also includes £2m of additional funding from the Scottish Government.
  • 10. • HIE has approved £7.75m grant funding to the project over the coming years. £2.3m of this total is being contributed by the European Regional Development Fund (ERDF), and an application for a further £800,000 ERDF funding is under consideration. The HIE package also includes £2m of additional funding from the Scottish Government.
  • 12. • The new quayside will be funded jointly by the Port and HIE with support from the European Regional Development Fund (ERDF) and commercial lender RBS. • HIE approved grant funding of £7.75 million with £2.3m of it being contributed by the European Regional Development Fund (ERDF) with an application for a further £800,000 ERDF funding “under consideration”. • The HIE package includes £2 million of extra funding from the Scottish Government.
  • 13. • The £5.4 million funding from Royal Bank of Scotland will allow the port to continue its ambitious growth project, which has already received £1.5m in Scottish Government investment.
  • 14. • £2.3m from the Scottish Government’s Regeneration Capital Grant Fund (RCGF) • Highlands and Islands Enterprise – Masterplan staff support • Scottish Government’s Decommissioning Challenge Fund - £73,000