ri Blog

Investment At Inchgreen Expected To Lead To Large Fishing Industry Development

The vacant Inchgreen site in Greenock looks set to become a major hub for the fishing industry with a processing plant, training facility and fishing boat construction yard revealed as expected uses once £9.4million of City Deal-funded preparation works are carried out.

The details are contained in the strategic business case (SBC) for the planned joint venture between Inverclyde Council and majority landowner Peel Property Group.

The site is beside the Clyde and stretches from James Watt Dock in the west to Inchgreen Drydock in the east and includes a "much-sought-after" 600 metres of deep water quay wall.

The business case is being recommended for approval at a meeting of Glasgow City Region cabinet on Tuesday.

The document states:

"The demand for modern industrial premises adjacent to deep water accessible quay wall has increased in recent times and, whilst commercially sensitive, the council and Peel Ports are in dialogue with interested parties keen to see solutions develop on the site.

"The council and Peel Ports have both received a number of enquiries for marine-related activities.

"In order to make the project viable, a novel approach has been taken in developing the strategic business case for a project which will be a state aid-compliant joint venture between Peel Ports and Inverclyde Council including the strategic acquisition of two additional sites."

It continues:

"The final land uses for the overall site will include a training facility for fishermen, a fishing vessel manufacturing facility, a fish processing plant, a marine manufacturing facility, and the remainder of the site used for heavy marine operations thus unlocking the site to a wider range of uses/users.

"An option to consider the use of the Inchgreen Dry Dock will be considered as the iterations of the business case develops.

"Investment at Inchgreen is required to bring a strategic asset and a viable site asset back into positive use."

The project involves upgrading the quay, clearing and preparing the land and providing infrastructures such as utilities, services and access.

An industrial building would also be constructed with work expected to take place between 2021 and 2023.

Around £3.5million is included to buy ground owned by Risk End Quarry and McKechnie Jess, whose factory beside the A8 burned down in 2017.

It is proposed that the City Deal Infrastructure Fund will pay all the costs on the basis that investment of around £30million will follow from the private sector.

If the strategic business case is agreed, the next stage will be development of an outline business case including technical assessments and related studies.

This article and image appeared in Inverclyde Now

Published: 8 February 2019