A decade-long investment plan worth £70m has been signed to bolster the economy of Argyll and Bute, unlocking funds for tourism, housing, and marine innovation. After a year-long delay, the Scottish and UK governments have each pledged £25m, with additional contributions from the local council and other stakeholders amounting to £20m.
Major Investment to Revive Rothesay Pavilion and Boost Tourism
A significant portion of the deal is earmarked for Rothesay Pavilion, a historic venue that has remained closed since 2015.
- £9m will be allocated to complete its refurbishment, transforming it into a multi-use events space with offices and a cafe.
- The investment is expected to attract visitors and businesses, supporting the local economy.
- Additional funding will go toward enhancing other tourist attractions in Rothesay on the Isle of Bute.
Council leader Jim Lynch highlighted the pavilion’s potential, stating that it would become a “hub for culture and economic activity” once reopened.
Marine Innovation and Rural Skills Development
Beyond tourism, the deal aims to position Argyll and Bute as a leader in marine research and training.
The funding will support:
- A sea sports training facility in Campbeltown, enhancing maritime education and employment opportunities.
- A Centre for Seaweed and Shellfish Innovation and Development, promoting sustainable aquaculture in Argyll.
- A rural skills accelerator programme, helping local residents gain qualifications for in-demand jobs.
These initiatives align with Scotland’s broader goals of marine sustainability and workforce development.
Housing and Infrastructure Expansion
New housing projects are also on the agenda, addressing shortages on the Islands of Mull and Islay.
| Project Location | Investment Focus | Expected Impact |
|---|---|---|
| Mull | Housing Development | Increased availability of affordable homes |
| Islay | Infrastructure Support | Improved living conditions and local economy boost |
Local leaders believe these projects will help retain and attract residents, countering population decline in rural areas.
Ministers Hail “Transformational” Impact
Scottish Secretary Ian Murray and Deputy First Minister Kate Forbes signed the agreement in Rothesay, underscoring its economic significance.
Forbes emphasized the region’s potential, citing its “rich history, spectacular scenery, and abundance of natural resources.” She stressed that the deal would create jobs, attract investment, and drive sustainable growth.
Murray echoed this sentiment, calling the agreement “transformational.” He noted that this was the final installment of 12 Scottish growth deals, bringing total UK government and partner investment in Scotland to over £3bn.
With funding now secured, Argyll and Bute is set to undergo a decade of development, strengthening its economy and community resilience.
