
Island ferry vessel build contract awarded to Yorkshire firm
Work is currently ongoing to finalise the vessel design and specification, before fabrication of the new vessel gets underway at Parkol's boatyard in Whitby, Yorkshire.
The expected handover date for the vessel is October 2026.
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The requirement is to construct a new larger, faster monohull vessel built to modern standards, to replace the current ferry 'Good Shepherd IV' which was built in 1986 in Fife.
This new vessel will be able to carry 12 passengers, and will have increased lift-on lift-off ('Lo-Lo') capacity for freight operations. The vessel will be roll-on roll-off ('Ro-Ro') capable and be built with a strengthened hull for regular linkspan, quay and slipway operations.
In addition to this vessel-build contract, harbour infrastructure works are also now underway at Grutness and in Fair Isle.
The anticipated total cost of the project to replace the Fair Isle ferry is £45.4 million, with Shetland Islands Council providing £18.6 million of funding and the UK Government providing a grant of £26.8 million through the Levelling Up Fund.

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Daily Record
7 hours ago
- Daily Record
New call to cut income tax rate in half for people earning under £50,000
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Daily Record
9 hours ago
- Daily Record
State Pension age compensation scheme for millions of WASPI women to be debated next week
An estimated 3.6 million women were financially impacted by the increase to the State Pension age. The Chair of the Backbench Business Committee has announced there will be a parliamentary debate on a motion over 'financial redress for 1950s women impacted by the Department for Work and Pensions' (DWP) maladministration of the State Pension ' next week. Bob Blackman confirmed the debate will take place on Thursday, July 3 during the weekly 'Business of the House' session in the Commons last week. The debate will be of keen interest to the WASPI women (Women Against State Pension Inequality) campaign who announced on Monday they have secured a vital legal safeguard in their bid for a compensation scheme for an estimated 3.6 million women after the High Court approved a limit on the campaign's liability for DWP defence costs. WASPI is seeking a judicial review to force the UK Government to reconsider its decision to rule out a compensation package for women affected by the way changes to the State Pension age were communicated. The DWP has agreed to a costs capping order, protecting each side in the event they lose. The agreement limits WASPI's liability for UK Government legal costs to £60,000, and caps the UK Government's liability for WASPI's legal costs at £90,000. WASPI has welcomed the breakthrough as a 'major milestone' in their fight to secure a lawful Government response to the Ombudsman's compensation proposals for 1950s-born women. However, campaigners stress the order does not reduce the actual legal costs of the case, which will be much higher. Earlier this month, Mr Justice Swift, a senior High Court judge ruled that the case is 'arguable' and 'ought to be considered at a final hearing', meaning ministers could be ordered to re-think their position on compensation if WASPI wins the argument in court. But arguing the case involves submitting thousands of pages of evidence, and winning key legal arguments on a complex body of case law. The campaign continues to ask supporters to contribute to its legal fighting fund as preparations begin for a full hearing later this year - they must raise enough to cover not only the capped UK Government costs, but those of the legal team fighting the case. The judicial review will examine the Government's rejection of the Parliamentary and Health Service Ombudsman's (PHSO) recommendations for compensation, ranging between £1,000 and £2,950, despite ministers' acceptance that maladministration had occurred. In December 2024, the UK Government said that, while it accepted the Ombudsman's finding of maladministration and apologised for there being a delay in writing to 1950s-born women, a blanket compensation scheme, which could cost taxpayers up to £10.5 billion, cannot be justified. Angela Madden, Chair of Women Against State Pension Inequality (WASPI), said: 'This agreement - fully approved by the court - is a vital step forward in our legal campaign. 'We now have the certainty we need to press on, but the costs of fighting this case remain very real. Our expert legal team is showing they can and do win victories against the government but it takes time and forensic presentation of our evidence, and that costs money. 'This is the fight of our lives and we can't win it without public support.' Earlier this month, WASPI launched a new interactive tool which shows the UK-wide state of play of MP support for a compensation scheme for women affected by changes to their retirement age. The new analysis shows 179 MPs have publicly blasted the UK Government's decision not to compensate WASPI women in recent months. WASPI said that of these, 56 Labour MPs have openly criticised Downing Street's failure to deliver justice, while dozens more are thought to be supportive behind the scenes, including several senior ministers. The map shows how smaller parties are almost unanimous in their support, with a strong coalition of Liberal Democrat, Reform UK, SNP, Green, Plaid Cymru and DUP MPs backing calls to compensate WASPI women. The smaller parties are almost unanimous in their support, with a strong coalition of Liberal Democrat, Reform UK, SNP, Green, Plaid Cymru and DUP MPs backing calls to compensate WASPI women. Around a dozen Conservative MPs have also recently reaffirmed their support for compensation. The findings come at the launch of WASPI's new website, which has new resources to enable supporters to write to their MP and join the campaign for as little as £15 per year. Some of the strongest advocates for WASPI women include members of the State Pension Inequality for Women APPG, chaired by Labour MP Rebecca Long-Bailey. The cross-party group of MPs is one of the largest in Parliament and includes representatives from across the major political parties who have vowed to continue the fight for justice. However, WASPI campaigners say 134 MPs previously backed calls for compensation but have failed to reaffirm their support since the Labour Government's announcement in December. The figures do not include serving government ministers or whips, at least 80 of whom have previously pledged their support for the campaign. All MPs' positions on compensation can be found on WASPI's interactive 'state of the nation' map, alongside new campaign resources, here.


Wales Online
11 hours ago
- Wales Online
Energy costs to be cut for businesses in Wales in new industrial strategy
Energy costs to be cut for businesses in Wales in new industrial strategy The electric arc steel furnace being built at Port Talbot steelworks is one of the businesses that will be benefit The steelworks in Port Talbot, where a new electric arc furnace is to be installed (Image: Getty Images ) The UK Government says that the planned electric arc furnace at Port Talbot steelworks will be boosted by plans to slash electricity costs for the industry by 25%. A new industrial strategy published by the UK Government is promising to cut energy costs for some 7,000 businesses across the UK to help companies in the face of energy costs that are among the highest in Europe. The new Tata furnace at Port Talbot, which comes into operation in three years time in 2028, will be among those to benefit according to business secretary Jonathan Reynolds. The new 'British industrial competitiveness scheme' will reduce electricity costs by up to £40 per megawatt hour for over 7,000 electricity-intensive businesses in manufacturing sectors like automotive, aerospace and chemicals. Firms which support over 300,000 skilled jobs across the UK will be exempt from paying levies such as the renewables obligation, feed-in tariffs and the capacity market in a move to help "level the playing field and make them more internationally competitive". The strategy, published today, promises increased economic growth, billions in investment and tens of thousands of new jobs supported over the next decade for Wales. Article continues below It saysiits measures will "forge a new relationship between business and government, making Wales and the UK the best place to start and scale up a business". It promises to "unlock growth across Wales", by utilising the country's strengths in aerospace in north Wales to the world's first compound semiconductor cluster in South Wales. It says that more than 7,000 UK businesses are set to see their electricity bills slashed by up to 25% in "a decisive shift" to support industry and unlock the UK's economic potential. The UK Government also plans to increase support for the most energy-intensive firms, like steel, chemicals, and glass, by covering more of the electricity network charges they normally have to pay through the British industry supercharger. These businesses currently get a 60% discount on those charges, but from 2026, that will increase to 90%. Key measures for Wales The following eight measures have been identified as key for Wales. More than £4 billion for the advanced manufacturing sector in the UK over the next five years. UK Government to establish a centre for doctoral training in semiconductors, led by Swansea University. A defence growth deal cluster to build on Wales's major strengths. A new British business bank champion for the Cardiff Capital Region to connect investors with businesses and kickstart growth. £30m for a local innovation partnerships fund in Wales to work with the Welsh Government and Innovate UK to grow innovation. The National Wealth Fund working with the Development Bank of Wales to identify and secure financing for investment projects in Wales. Support for the UK's city regions and clusters by increasing the supply of investible sites through a new £600m strategic sites accelerator, enhanced regional support from the office for investment, national wealth fund, and British business bank. Strengthened support from the office for investment to help identify, shape and deliver strategic investment opportunities across the UK. Ten year plan The industrial strategy is a 10-year plan to promote business investment and growth, with the aim of making it "quicker, easier and cheaper to do business in the UK, and to give businesses the confidence to invest and create good, well-paid jobs in thriving industries". The UK Government's plans says it addresses the main barriers to growth, making it "easier and quicker" to do business and invest in Wales. The published plan of action is as follows: Slashing electricity costs by 20-25% to level the playing field for industries like chemicals and key growth sectors like automotive. Unlocking billions in finance for innovative business by increasing British business bank capacity to £25.6 billion. Reducing regulatory burdens by cutting the administrative costs of regulation for business by 25% and reduce the number of regulators. Boosting R&D spending to £22.6 billion per year by 2029-30 to drive innovation across the IS-8, with more than £2 billion for AI over the spending review, and £2.8 billion for advanced manufacturing over the next ten years, in a bid to leverage billions more from private investors. Attracting elite global talent to key sectors, via visa and migrations reforms and a new the 'global talent taskforce'. Revolutionising public procurement and reducing barriers for new entrants and SMEs to bolster domestic competitiveness. What's been said... Prime minister Keir Starmer said: 'This industrial strategy marks a turning point for Britain's economy and a clear break from the short-termism and sticking plasters of the past. 'In an era of global economic instability, it delivers the long term certainty and direction British businesses need to invest, innovate and create good jobs that put more money in people's pockets as part of the plan for change. 'This is how we power Britain's future - by backing the sectors where we lead, removing the barriers that hold us back, and setting out a clear path to build a stronger economy that works for working people. Our message is clear - Britain is back and open for business.' Secretary of State for Wales Jo Stevens said: 'Wales has huge potential and our government's industrial strategy will harness the strengths of our businesses and workforce to drive growth and create jobs. 'The strategy will support key sectors like aerospace and compound semiconductors while developing industries of the future like floating offshore wind where Wales is well-placed to be a world leader. Our modern Industrial Strategy is built to last and make Wales one of the best places to invest and do business. Working alongside Welsh Government we will boost growth, raise wages and create wealth across our country.' UK Government business and trade secretary Jonathan Reynolds said: 'We've said from day one Britain is back in business under this government, and the £100 billion of investment we've secured in the past year shows our Plan for Change is already delivering for working people. 'Our modern industrial strategy will ensure the UK is the best country to invest and do business, delivering economic growth that puts more money in people's pockets and pays for our NHS, schools and military. 'Not only does this strategy prioritise investment to attract billions for new business sites, cutting-edge research, and better transport links, it will also make our industrial energy prices globally competitive. 'Tackling energy costs and fixing skills has been the single biggest ask of us from businesses and the greatest challenge they've faced – this government has listened, and now we're taking the bold action needed. Government and business working hand in hand to make working people better of is what this government promised and what we will deliver.' Chairwoman of Fintech Wales, Sarah Williams-Gardener, said: 'We are delighted to see financial services recognised as a key sector in this industrial strategy. We look forward to working closely with the government to help unlock the sector's full potential. 'The emphasis on AI and the compute power required to support its development is particularly welcome, as we begin to see generative AI driving innovation across financial services—empowering both providers and customers through the next generation of digital banking platforms.' Founding partner of Gambit Corporate Finance and chairman of the Cardiff capital region investment board, Frank Holmes, said: 'Today's announcements mark a timely and important shift towards a connected, strategic approach to economic growth. The renewed focus on industrial strategy and SME finance speaks directly to the opportunities we are unlocking in the Cardiff capital region. We have backed innovative and scalable businesses like Whisper TV, showcasing how tailored regional finance can drive job creation, innovation and global reach. 'The UK's commitment to extending SME access to finance aligns perfectly with the ecosystem we are building in CCR as a proven delivery partner and a model for regional economic development.' And Louise Harris, CEO of Tramshed Tech in Cardiff, added: "The launch of the UK government's industrial strategy is a pivotal moment for our tech and innovation ecosystem. By aligning local strengths with national ambition, this strategy provides a powerful platform for Welsh businesses to grow, attract investment and lead in emerging sectors such as technology, advanced manufacturing, and creative industries. Article continues below 'This strategy recognises that innovation isn't just about technology in isolation – it's about creating sustainable, high-quality jobs while tackling real-world challenges. This approach will create the perfect environment for start-ups and scale-ups to thrive, knowing they have both the infrastructure, skills and strategic support to take their innovations from Wales to the world."