PLANS to create a large-scale whisky bond facility at an industrial estate on the outskirts of the Scottish capital have been lodged.
Royal Elizabeth Bond has submitted proposals to develop bonded and maturation warehouse space at Royal Elizabeth Yard at Dalmeny, near Edinburgh.
The plans show 40 units at the site and follow an initial consultation.
The developer said the proposals “seek to respond to significant market demand for bonded and maturation warehouse accommodation in central Scotland”.
It said: “The ongoing expansion of the whisky industry has left the market with a shortage of accommodation, with particular impacts for smaller, independent distillers.
"In addition, the increasing challenges that the industry is facing, regarding stricter regulations relating to the storage of alcohol, combined with the increasing constraints of existing sites, has led to there being significant demand for purpose-built and regulatory compliant warehouse accommodation.
“As such, our emerging proposals present an opportunity to provide a key piece of infrastructure for the Scotch Whisky industry which contributes £5.5bn in gross value added to the UK economy and supports over 42,000 jobs.”
The proposal site comprises the existing Royal Elizabeth Yard industrial estate at Standingstane Road and Milton Farm Road.
The site has been in commercial use since at least the 1940s when it was developed as a depot to supply food and beverages to the Royal Navy at Rosyth.
Royal Elizabeth Yard has 17,663 sqm of business and industrial accommodation, together with associated parking, yard and other external areas.
There are currently 37 business premises within Royal Elizabeth Yard, comprising eight large warehouse buildings and a series of smaller business premises.
The Royal Elizabeth Yard is "well suited in terms of meeting the necessary regulatory and security requirements for the storage of spirit", said the developer.
Omega to pursue UK Government
THE chief executive of embattled healthcare company Omega Diagnostics has paid tribute to his predecessor Colin King for his “honourable” management through a tumultuous year that forced a change of leadership at the business.
The comments from Jag Grewal came as Omega confirmed that discussions are continuing about the return of upfront payments of £2.5 million to the Department of Health & Social Care (DHSC) as part of an ill-fated contract to supply the UK Government with Covid testing kits.
Glasgow-based Beeks Financial sees shares leap
SHARES in Glasgow-based Beeks Financial Cloud leapt by more than ten per cent as it reported a “fantastic” trading performance and unveiled the first customer for its new Exchange Cloud offering.
Beeks, which provides cloud computing and connectivity services to financial markets, told the City it had exited the year ended June 30 with annualised committed monthly revenue in excess of £19.3 million.
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