Grant Announced for Smith Embankment Development


Peterhead’s reputation as Europe’s number one fishing port will be enhanced with a significant new development at the town’s harbour.

Peterhead Port Authority plan to turn an unused embankment, adjacent to the existing Merchant's Quay into a new harbour facility, significantly increasing the port’s capacity and benefiting both the Scottish fleet and processing sector for the long-term.

A total grant of £5.25 million from the Scottish Government and the European Fisheries Fund (EFF) will go towards the £19 million fisheries project.

The project will boost the area’s economic recovery by safeguarding 50 jobs and creating around 100 more.

Fisheries Secretary Richard Lochhead said:

“This hugely ambitious infrastructure project is exactly what the North East and Scotland needs at this time and it will help secure a bright future for  one of our key industries for many decades to come.

“Peterhead is a vital port for Scotland’s fishing fleet and requires significant investment to help our fishermen maximise the potential of North Sea and other stocks.

“Once complete, the improved harbour will increase berthing facilities at the harbour and ensure it can cope with the largest, most modern pelagic vessels.

“Harbour congestion will be significantly reduced as part of this development, meaning that fish can be landed quicker. This will give the port a competitive edge internationally during the busy pelagic season and help secure the long-term future supply for the on-shore processing sector.

“I am also delighted to see that the development will safeguard around 50 jobs for the town and that its knock-on effects could create 113 new jobs – a huge boost for the local economy in these hard-pressed times.

“Today’s announcement will be welcome news to Peterhead and Scotland’s fisheries sector, and is a vote of confidence for our fishermen and the North East as a whole. I hope to be able to announce a number of other successful applicants for EFF funding very soon.”

John Wallace, Chief Executive of Peterhead Port Authority (PPA) added:

“PPA take this opportunity firstly to thank the local stakeholders who have helped shape, contribute and champion the Smith Embankment Development. Together, we have brought forward a project that directly resolves the issue of pelagic vessel congestion and promotes the prospect of year round pelagic supply.

“As the UK's premier whitefish and pelagic port it is essential that product is supplied and traffic managed in the most efficient state of the art fashion, this development does precisely that.

“Local processors are now operating on a 52 week production basis; this development opens the way for new species to be secured and delivered year round, in addition to attracting Scottish pelagic quota back from Norway.

“On behalf of the PPA Board, I thank the Scottish Government for their support and for recognising the criticality of their input, particularly in these tough economic circumstances. In a short period of time, Peterhead and the Scottish Pelagic Industry will have a fitting home which they can be justifiably proud which will enable them to build on their worldwide expertise and reputation for excellence.”

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