This item was published during the term of a previous administration that ended in April 2007
Listen
Regional Selective Assistance
31/01/2005
The latest Regional Selective Assistance (RSA) quarterly
report, published today, shows that 41 businesses in
Scotland accepted grants during the period October -
December 2004.
Deputy Enterprise Minister Allan Wilson, visiting
Advanced Data Systems Ltd (ADS) in Dalmarnock in the east
end of Glasgow, said business grant offers worth over £11
million will help create or safeguard over 1,800 jobs
across Scotland.
ADS - which converts paperwork into digital information
- has accepted an offer of £100,000 to help create 10 new
jobs.
Mr Wilson said:
"Advanced Data Services has grown from a base of six in
1999 to become one of the UK's largest independent data
capture companies, currently employing over 70 full time
and part time staff.
"The company is an excellent example of the kind of
entrepreneurial dynamism that will help Scotland's economy
to grow, and I am delighted that we have been able to
support its continued success with an RSA offer of
£100,000.
"Since Devolution to the end of December 2004, 947
projects creating and safeguarding Scottish jobs have
benefited from over £258 million in RSA payments.
"RSA is a key component of our drive to provide jobs for
all and to tackle regional imbalances. I would urge other
Scottish companies to consider how it could help them to
grow and develop their business."
Other firms to benefit include:
- Green Oak Solutions Ltd, based in Inchinnan,
Renfrewshire, provides software solutions for the waste
management and recycling industries. The company has
accepted an RSA grant offer of £250,000 to help create
28 new jobs.
- City Refrigeration Holdings Ltd, has accepted an
RSA offer of £2.4 million towards a £15.5 million
project to establish a purpose-built headquarters in
the Gorbals area of Glasgow. This will help safeguard
352 jobs.
- Huntswood Outsourcing, a financial services
company, is to create 355 jobs at Strathclyde Business
Park. This was supported with a RSA grant of £1.5
million.
RSA is the main national scheme of financial assistance
to industry. It provides discretionary grants for
investment projects that will create or safeguard jobs in
Assisted Areas - areas designated for regional aid under
European community law. The scheme is administered by the
RSA Scotland unit of the Scottish Executive.
Payments of RSA are made in instalments, typically over
several years, provided that job and project expenditure
targets are met.
The amounts quoted above and in the report, therefore,
represent the maximum grant potentially payable if the
project is satisfactorily completed, and not the amount
actually paid to date.
All job numbers are based on firms' forecast figures at
the time a grant is offered, and are subject to change
depending on future economic conditions and other factors
affecting the business concerned.
Advanced Data Services moved into purpose-built premises
in Dunn Street, Dalmarnock, in 2003. The firm's clients
include Scottish Power, the University of Glasgow and the
Driving Standards Agency.