The Channel logo

News

By | John Oates 5th November 2010 12:32

HP pockets half of all Scottish development cash

£7m to create 721 jobs

Figures from Scotland's Regional Selective Assistance fund show that ink giant HP snaffled almost half the total cash given out in the last quarter.

Between July and September, Scottish Enterprise via RSA gave out £14.8m. HP Enterprise Services UK Ltd got £7m of this to create 721 jobs in Erskine.

In total, the £14.8m grants will create 1,447 jobs and keep another 470 posts safe.

Scottish manufacturing firms, 16 of them, collected £2.5m to create or safeguard 368 jobs.

The Scottish government has been criticised for handing money to HP, and other "footloose overseas corporations".

In May last year HP cut 850 people making storage devices and servers when it shifted production to the Czech Republic.

After HP, the next biggest payout of £1.7m which went to Vertex, which promised to create 368 back-office jobs in Glasgow, the Herald reports. ®

comment icon Read 12 comments on this article alert Send corrections

Opinion

Alexandre Mesguich

Change is order of day as tech giants shift strategy gears
Partnership

Frank Jennings

Confused? No problem, we have 5, no 6, no 7... lots of standards

Chris Mellor

VC sequence could end not with a bang, but a whimper
Sad man stares glumly over boxed contents of desk. Image via shutterstock (Baranq)

Features

money trap conceptual illustration
Big boys snare the unwary with too-good-to-be-true deals
Angus Highland cow
Pet carriers not wanted for whitebox stampede
FBcoldstoragearray
Sorry OpenStack and Open Compute, we're not all Facebook
Gary Kovacs, CEO of AVG. Pic: World Economic Forum
Scammy download sites? Government snooping? Run of the mill for Gary Kovacs