Grants Awarded

“New Venture” for Westray

The trust are pleased to announce that they have offered a loan of £60,000 to two young fishermen to help them take ownership of their first fishing boat (the refurbished “Kelly T”, which will be renamed “New Venture”).  The loan is being adminstered by trust partners Developing Strathclyde Ltd (DSL-Business Finance) as they are a community development finance association with the expertise to manage loans.  This loan is part of a programme of “community regeneration”, as it not only provides secure employment for young folk to remain on Westray, but will also provide catch for the Westray Processors crab processing factory.  With many of the local fishing boat owners approaching retirement, it was important to encourage young people into the industry.