10 . Glasgow Business August 2015
Manufacturing capability BAE Systems invests in future of both Clyde shipyards
BAE Systems is to retain both of its Glasgow shipyards and invest £100 million in improving and expanding manufacturing capability at the yards. The boost for both the Scotstoun
and Govan yards followed a wide- ranging review of options for the future of the business. The continued dual yard approach
was chosen over an alternative to focus on a £200 million single-site strategy at Scotstoun, which would have left a big question mark over the future of the Govan yard. The company lodged planning
applications for both options last year. A BAE Systems spokesman said: “Together with investments in new
Conference and Exhibition sectors
Glasgow venues stage winning performance
T
»SECC toasts record year from Games success and SSE Hydro entertainment “As a result of the business
he Scotish Exhibition and Conference Centre has achieved record annual results on the
back of the success of Te SSE Hydro and the Commonwealth Games 2014. Te SECC announced record
pre-tax profits of £6.7 million on a 50 per cent increase in turnover to £34.9 million. Commercial turnover for the
year also increased by 98 per cent driven by the income from sponsorship and hospitality. Overall operating costs increased by 21 per cent from £23.1 million to £27.9 million as a result of the enlarged business.
Te scale of the
Commonwealth Games added to the first year of operation of Te SSE Hydro, together with the development of other business streams led to earnings before interest, depreciation and amortisation of £9.1 million. Tere was growth in the
conference and exhibition sectors due to greater space availability brought about by the arrival of Te SSE Hydro. Te company also recorded that conference turnover increased by 12 per cent and despite difficult conditions in the exhibition sector, turnover increased by 8 per cent helped by the return of biennial shows and
other new launches. Live entertainment turnover increased by 44 per cent with a full year of events hosted in Te SSE Hydro. Peter Duthie, Chief Executive
of the SECC, said: “Tese are outstanding results which should be measured, not only in financial terms, but also by the increased economic impact generated by the campus, with over 2.15 million visitors and numerous prestigious events held during the year. “We welcomed the 2014 MTV
Europe Music Awards ceremony, the Ryder Cup Opening Ceremony and the BBC Sports Personality of the Year.
conducted by the company, the net additional expenditure in Glasgow was estimated at £485 million, in Scotland £273 million and in the UK, £117 million. Te SECC was a key venue for the Commonwealth Games but it is important to note that these expenditure figures exclude any impact from this event. “Te SSE Hydro has been
the catalyst for this success. Te venue hosted over 130 live entertainment performances in the year, with over one million visitors making it the second busiest live entertainment arena in the world in 2014.”
technologies, cutting-edge processes and new ways of working, improved infrastructure will play a key role in transforming the way we design and build complex warships. “This will enable us to create a modern, safe and inspiring workplace for our employees while ensuring we deliver equipment to the highest
quality at the lowest possible cost so we can compete effectively for future UK and international orders.” The new investment will prepare
for Type 26 warships, designed to replace the Royal Navy’s frigates. The Govan yard has been busy building sections of the second of the Royal Navy’s new aircraft carriers.
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