25 May 2006
INVESTMENTS APPROVED BY SHETLAND DEVELOPMENT TRUST
Shetland Development Trustees met on Wednesday 24 May and approved investment in several projects including loans of £75,000 to the Venturous Fishing Company Ltd and £50,000 to Arthur Polson and Partners LLP of the MFV Resilient for the purchase of whitefish quota.
Commenting on the awards, chairman of Shetland Development Trust, Josie Simpson, said: “I am pleased that the Trust has agreed to provide loan assistance to both applicants. With ever increasing quota prices, it is in the best interests of the Shetland whitefish sector to purchase their quota rather than continue to spend significant sums on leasing.”