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£3.6m boost for Borders economy

A business incubator centre in Hawick will help Borders businesses establish themselves and grow, thanks to a £3.6 million funding package.

The funding will also:

Develop four industrial units at the edge of the town

  • Upgrade existing business facilities in Hawick’s Tower Mill
  • Secure commitment by Scottish Borders Council to fund and undertake feasibility studies for regeneration of two further redundant mill buildings to inform potential investors.

The Scottish Government is working with Scottish Borders Council, local businesses and community groups to further develop the local economy, building upon the Hawick Action Plan. The support is part of a £10 million local economic development capital grant fund, which is also supporting businesses in North Ayrshire, Clackmannanshire and Fife.

 

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