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FIFE SUBMISSION AIMS TO TAKE ENERGY PARK FIFE TO A NEW LEVEL

Energy park fife from the southFIFE COUNCIL has made a submission to Scottish Government for support for the Tax Increment Financing Scheme, which if successful, could help deliver a major new phase of investment at Energy Park Fife, allowing it to attract the largest potential offshore wind projects.

Councillor Peter Grant, Leader of Fife Council said: “Fife’s TIF submission could potentially deliver a £15-£17m additional investment in land and quayside infrastructure. The investment would help deliver up to 60 hectares of land as part of the Energy Park and allow us to target the biggest renewable energy inward investment projects.

“Fife is one of the key locations in the National Renewables Infrastructure Plan, and Invest in Fife and partners Scottish Development International have handled over 40 enquiries for the Energy Park, with key decisions from the major turbine manufacturers and key supply chain companies expected by 2013.

“If we can gain approval for a TIF scheme from Scottish Government, we would use income generated from new Non-Domestic Rates to invest in expanding the site.”

John Robertson, Managing Director of Burntisland Fabrications (Bifab), commented: “Renewable energy projects are potentially major employers, but due to the size of the components they require very significant quayside sites.

“The proposal to extend Energy Park Fife is an excellent one, and I look forward to working closely with the Council and Scottish Enterprise to explore this further and to help in targeting new employers to join Bifab on the site and make Methil one of the leading centres for offshore renewables”.

Fraser Phillips, Chair of the Fife Economy Partnership, commented:

“Renewable energy is one of the world’s fastest growing industries, and is one of Fife’s two priority sectors. The Scottish Government’s Renewable Energy Routemap envisages 40,000 jobs in the sector by 2020.

“We believe that Fife can be at the fore front of the sector, however we can’t rest on our laurels. It’s important we build on the excellent work that has already been carried out at the Energy Park by Scottish Enterprise and Fife Council. The TIF scheme presents an opportunity to further enhance the Energy Park and make sure that the infrastructure is place to attract major projects to Fife.

“This expansion has the potential to create up to a thousand additional jobs by 2020, and the Fife Economy Partnership is committed to ensuring that the project becomes a reality.”

Contact

Ronnie Hair / Ross Mackenzie

Enterprise, Planning and Protective Services

Fife Council

08451 55 55 55 x 492200 / 492178

ronnie.hair@fife.gov.uk / ross.mackenzie@fife.gov.uk

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