Shipbuilding News – Late November 2023

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Ministers have turned down a request for extra funding to help modernise the nationalised Ferguson shipyard.

The yard's boss David Tydeman had asked for £25m of investment in a new plating line and software to raise productivity and help it compete for future work.  But Wellbeing Economy Secretary Neil Gray told MSPs he wanted the shipyard to "refine" its business plan before agreeing extra funding.  Earlier, Audit Scotland warned that the yard's future remained uncertain.

In an annual audit report, the financial watchdog said the shipyard had no contracted work beyond the CalMac ferries Glen Sannox and Glen Rosa, and that the government had only committed to a further 12 months of funding.

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