Government funds expansion
Scots getting on their bikes to secure jobs
Cyclotricity is relocating from the south east of England to Glenrothes to manufacture electric bicycles after receiving a £120,000 regional selective assistance grant, creating 12 jobs.
Renovite Technologies, a California-based electronic payments firm, has been awarded £250,000 in RSA funding to support growth at its Dunfermline base, creating 28 roles.
Fife Council is supporting both companies to settle including assistance with recruitment and upskilling.
Minister for Trade, Investment and Innovation, Ivan McKee (pictured on electric bicycle) said: “The Scottish Government is supporting businesses to maximise the opportunities that come from established strengths in innovation and technology.”
Paul Lewis, managing director, international operations at Scottish Enterprise, said: “Two new inward investors, bringing significant numbers of new jobs and economic impact is fantastic news for Fife.”
The government has also provided £4.8 million to Spirit AeroSystems in Prestwick.
Innovation within the new centre will focus on the development of the next generation of aircraft. It will also help develop the technology for composite materials and automated assembly used in the industry.
The investment will create 40 jobs and leverage significant capital investment in infrastructure and equipment.
Over the next decade, the facility will further enable growth for industry-leading aerospace technologies and innovations and has the potential to create more manufacturing jobs.