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Displaying items by tag: £25m investment

In south-west Scotland, a council is being asked to support a bid to create a "green port" at Cairnryan, which could unlock a £25m investment.

The local authority in Dumfries and Galloway is examining the benefits of the move.

The UK government announced the locations of eight freeports in England earlier this year which would benefit from special tax, duty and customs rules.

The Scottish government wants to adapt the plans to focus on fair work practices and delivering a net zero economy.

A report to Dumfries and Galloway Council is seeking approval to spend up to £30,000 on specialist help to work up the bid.

It said that initial talks with ferry operators P&O and Stena Line had seen a "favourable response" to taking the plans forward.

It is expected there could be two green port sites allocated in Scotland.

If successful, the SouthWest Euro Gateway project could secure multi-million pound support.

More from BBC News on this development.

Published in Ferry

About Match Racing

A match race is a race between two competitors, going head-to-head.

In yacht racing, it is differentiated from a fleet race, which almost always involves three or more competitors competing against each other, and team racing where teams consisting of 2, 3 or 4 boats compete together in a team race, with their results being combined.

A match race consists of two identical boats racing against each other. With effective boat handling and clever use of wind and currents, a trailing boat can escape the grasp of the leader and pass. The leader uses blocking techniques to hold the other boat back. This one-on-one duel is a game of strategy and tactics.

About the World Match Racing Tour

Founded in 2000, the World Match Racing Tour (WMRT) promotes the sport of match racing around the world and is the longest running global professional series in the sport of sailing. The WMRT is awarded ‘Special Event’ status by the sport’s world governing body – World Sailing – and the winner of the WMRT each year is crowned World Sailing Match Racing World Champion. Previous champions include Sir Ben Ainslie (GBR), Taylor Canfield (USA), Peter Gilmour (AUS), Magnus Holmberg (SWE), Peter Holmberg (ISV), Adam Minoprio (NZL), Torvar Mirsky (AUS), Bertrand Pace (FRA), Jesper Radich (DEN), Phil Robertson (NZL) and Ian Williams (GBR). Since 2000, the World Match Racing Tour and its events have awarded over USD23million in prize money to sailors which has helped to contribute to the career pathway of many of today’s professional sailors