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Jim Mccoll News

20 Aug 2019

Scottish Govt Takes Over Ferguson Shipyard

Ferguson Marine Shipyard in Port Glasgow, Scotland, is now set to enter public ownership.The Scottish Government has announced that it has reached an agreement with administrators to take the Ferguson Marine shipyard in Port Glasgow into public control.According to government sources, the agreement means two ferries currently under construction at the yard for Caledonian Maritime Assets Ltd (CMAL) will be completed.A program board has been set up by Scotland's economy secretary Derek Mackay to ensure effective completion of the two ferries being built at Ferguson Marine shipyard.More jobs could be created at newly nationalized Ferguson Marine in order to complete the two vessels which nearly sank the shipyard…

24 Nov 2015

GBP1mln Grant to Create 100 Jobs at Ferguson Shipyard

The last commercial shipyard on the Clyde, Scotland, has secured grant to help safeguard 125 jobs and create a further 100. Ferguson shipyard has been awarded a £1m grant to refurbish its Port Glasgow premises and help fund new jobs. Ferguson Marine Engineering Ltd (FMEL) received the grant from Scottish Enterprise which will boost the number of full time staff from 150 to 250 at Port Glasgow. The  Regional Selective Assistance (RSA) funding will contribute to Ferguson Marine's redevelopment of its premises and investment in new state of the art equipment. Last month, Ferguson was awarded a £97m Scottish government contract to build two new ferries. The firm was saved from administration last year by Jim McColl's Clyde Blowers Capital.

01 Sep 2015

Ferguson to Build Two CalMac Ferries

Scottish minister Nicola Sturgeon have named Ferguson shipyard as the preferred bidder for a £97 million contract for the biggest new ferries on the Clyde since 2001 in a deal that could secure more than 150 jobs. The move will provide boost for shipbuilding in the civilian shipyard on the River Clyde Ferguson Marine Engineering Limited (FMEL) and the local economy around a year after the owners of the shipyard went into administration. Ferguson was taken over by Clyde Blowers billionaire and former Scottish independence supporter Jim McColl last year. The two new ships will both be approximately 330ft long and capable of 16 knots with space for 127 cars or 16 HGV’s or a combination of both and up to 1000 passengers.

25 Aug 2014

Fergusons Shipbuilders Takeover: Preferred Bidder

The Scottish Government informs that KPMG has announced that Clyde Blowers Capital is to be the preferred bidder for the group’s business and its assets. “I am delighted that Clyde Blowers Capital has been named the preferred bidder for the Fergusons yard. Jim McColl’s company is one of Scotland’s greatest job creators, and I will be meeting with the company, the workforce and shop stewards to ensure there will be a long-term future for shipbuilding at Fergusons for years to come. “The task force has been working hard to ensure that shipbuilding at Fergusons is maintained.

22 Aug 2014

Bid to Rescue Clyde Shipbuilder Ferguson

Jim McColl, one of Scotland's richest men, has tabled a bid to rescue collapsed Clyde shipbuilder Ferguson and aims to return the yard to its former glory by creating hundreds of jobs, according to HeraldScotland. The engineering tycoon, who saved about 550 jobs at Weir Pumps in Glasgow in 2007 by buying that business from Weir Group, is pledging to invest many millions of pounds in the yard at Port Glasgow if his offer is accepted by ­administrators. Ferguson, which was founded in 1902 and is the last commercial shipbuilder on the Clyde, collapsed into administration last week, with 70 of the remaining 77 employees made redundant reports HeraldScotland online.