Scottish Land & Estates has welcomed today’s news of an £8million investment in residential homes and tourism on Bute Estate.
The three-year project being undertaken by the Mount Stuart Trust will transform historic and unused buildings on the island and is thought to be one of the largest regeneration projects carried out on a private Scottish estate.
Douglas McAdam, chief executive of Scottish Land & Estates, said: “This investment in tourism and homes on Bute is tremendous news for the island and will provide a great economic boost for the area once completed.
“The project will be one of the largest regeneration schemes carried out on a private Scottish estate and provides another powerful illustration of estates and local communities working in partnership for the greater good of their local area.
“We are delighted to support this plan as an example of the critical economic contribution made by private estates across Scotland. We have long argued that the focus of any land reform debate on how to increase the viability of our rural communities should focus on making the best use of our assets and resources rather than debates around ownership structures. This investment from the Mount Stuart Trust supports this stance and will encourage further investment in the future – a development that will be welcomed locally and throughout the west of Scotland.”