Meeting of the Parliament 03 March 2026 [Draft]
The commitment is to support Ferguson Marine to compete on the open market for additional work in order to safeguard its future. We will support it to do that in two ways: first, through the capital funding that has been announced to support modernisation and, second, through this bridge of four additional vessels.
All of us in the chamber know that Ferguson Marine has been subject to extensive debate. When it comes to Ferguson Marine operating or securing work, it needs to be able to demonstrate delivery. We believe that the four vessels are consistent with the technical capabilities of Ferguson Marine and the skills of the workforce; indeed, in many cases, they are replacements for vessels that it previously built. They are an excellent fit and will allow it to demonstrate that it is able to deliver vessels on budget and according to the timescales that I have outlined, which I believe will help it to secure work on the open market.