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鈥檚 Full Council meeting, councillors agreed to send a full business case to the Tax Incremental Finance (TIF) Executive seeking funding of 拢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 拢7.68m for the development of two commercial buildings for lease, and they approved the use of previously authorised development costs of 拢1.6m to include early site works in addition to development fees to help meet the project timescales.
Council Leader, Councillor Jim Lynch, said: 鈥淭his 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.
鈥淣ot 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.鈥