Plans for a new business park at Oban Airport are taking flight after councillors agreed to submit a full business case for funding.
At today’s Full Council meeting, councillors agreed to send a full business case to the Tax Incremental Finance (TIF) Executive seeking funding of £7.25m to develop roads, infrastructure, servicing and site works.
They also agreed to submit the business case to the Community Regeneration Partnership Fund for £7.68m for the development of two commercial buildings for lease, and they approved the use of previously authorised development costs of £1.6m to include early site works in addition to development fees to help meet the project timescales.
Council Leader, Councillor Jim Lynch, said: “This is an ambitious project but we know there is a demand for a business park in the area and we are already in discussions with two companies that are keen to be located at the site.
“Not only will a business park promote private sector investment and establish an aviation, engineering and logistics cluster, but it will also open up a host of employment opportunities and provide a welcome boost to the local economy. The submission of a full business case is an important stage in the project.”
