Montrose Port Expands with £115M Investment
Deal News | May 28, 2025 | Scottish Enterprise
The Montrose Port is set to undergo a significant expansion with the development of berths 9, 10, and 11, increasing its capacity by 30 percent. This comes as part of a larger £115 million investment project facilitated by Scottish Enterprise's match-funding agreement. The economic development agency has allocated £1.7 million towards initial studies and investigative work to create 20 hectares of manufacturing land at the Montrose Port Industrial Park (MPIP). The MPIP's potential infrastructure investment will play a key role in supporting Scotland's offshore wind sector. Adrian Gillespie, Chief Executive of Scottish Enterprise, highlighted the project's importance for Scotland's green energy future, innovation, and productivity. The project also includes plans to transform part of Customs House into a Skills Academy for the renewables industry. Tom Hutchison, CEO of Montrose Port Authority, expressed gratitude for Scottish Enterprise's support, which enables further investment and capacity enhancement, creating more jobs and driving economic growth for Montrose and surrounding areas.
Sectors
- Renewable Energy
- Infrastructure Development
Geography
- Scotland – The project and investments are taking place in Scotland, specifically around Montrose Port.
Industry
- Renewable Energy – The expansion aims to support the growth of the offshore wind sector, indicating the involvement of the renewable energy industry.
- Infrastructure Development – The redevelopment and expansion of the port's infrastructure highlights this sector's significance in the project.
Financials
- 115 million – Total investment in the port redevelopment project.
- 1.7 million – Funding allocated by Scottish Enterprise for initial studies and investigation works.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Scottish Enterprise | Economic development agency, match-funding partner | Company | Scottish Enterprise is providing financial support and match-funding for the expansion of Montrose Port. |
| Montrose Port Authority | Port operator, project target | Company | The authority managing the Montrose Port, responsible for its redevelopment. |
| Adrian Gillespie | Chief Executive of Scottish Enterprise | People | Leader of the economic development agency supporting the port's expansion. |
| Tom Hutchison | CEO of Montrose Port Authority | People | Overseeing the port's operations and redevelopment efforts. |