Moray engineering firm FirScot in funding boost
A Moray precision engineering company is to expand production and create new jobs after securing funding from Highlands and Islands Enterprise (HIE).
FirScot, based at the Greshop industrial estate in Forres, was awarded £193,000.
The investment programme will create about eight skilled manufacturing posts over the next three years.
The company's main market is high precision components for oil and gas companies.
Products include subsea enclosures for cameras, lights and electronic control pods.
In October 2009, FirScot signed a strategic alliance with AJ Engineering of Forres, allowing it to offer a range of engineering services from fabrication to high-tech machining.
The company, which was formed 10 years ago, is now looking to explore the expanding renewable energy sector.
Currently, FirScot has seven full-time and two part-time employees.
David Reid, from HIE, said: "We have been working with FirScot since they started and the company is going from strength to strength.
"They are a preferred subcontractor to a number of blue chip organisations and this investment programme will allow it to target new markets and larger projects across the UK and eventually abroad, resulting in a substantial increase in sales over the next three to five years."