HeraldScotland article - Deal commentary17 Feb 2021 13:50
https://www.heraldscotland.com/news/19094883.bifab-arnish-tourism-technology-fine-blue-collar-jobs-still-matter-scots/
However, before public bodies – Highlands and Islands Enterprise in the case of Arnish – sign over the leases, one might reasonably hope for assurances that InfraStrata have firm prospects of work for the yards, as well as a shrewd eye for cheap deals and historic names.
As the Action for Arnish campaign group on Lewis said: “The company refers to future opportunities relating to offshore wind. That is welcome. However, that work will take time to materialise and we hope immediate prospects for the yard will depend on a more diverse portfolio of opportunities. There have to be safeguards against a repeat of BiFab”.
The likelihood is that InfraStrata’s plans will ultimately depend on the strength of commitment in terms of public policy and public investment. If the Scottish Government and its agencies decide to lease the yards to InfraStrata, they must also ensure that they are not simply creating another false dawn.