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Scottish publicly-funded shipbuilder in administration with all jobs lost
Coastal Workboats Scotland received £6.4 million in public funding but faced rising costs and supply delays that pressured cashflow, leading to administration and staff redundancies.
Summary by The Herald Scotland
4 Articles
4 Articles
Scottish publicly-funded shipbuilder collapses with all jobs lost
Coastal Workboats Scotland Limited, a government-backed shipbuilder that heralded the return of shipbuilding to Stornoway after a century, has fallen into administration, resulting in the loss of all its jobs. Five vessels, including the pioneering UK’s first all-electric commercial workboat (E-LUV), remain unfinished. The company, operating from a leased shipyard on Goat Island, Stornoway, Isle of Lewis, encountered significant “financial chall…
Coverage Details
Total News Sources4
Leaning Left2Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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