£31m Montrose 'subsea centre of excellence' announced
A £4.9m grant to enable an oilfield services group to develop a £31m Angus manufacturing campus has been announced by First Minister Nicola Sturgeon.
The Scottish Enterprise grant to Baker Hughes, a GE company, is expected to create 100 jobs at the Montrose site.
The 35-acre site will include test and assembly, research and development, and workforce training facilities.
Ms Sturgeon announced the funding at the Scottish Manufacturing Advisory Service, near Cumbernauld.
The company currently employs about 2,500 people in Scotland.
The "subsea centre of excellence" will be based alongside the company's existing Montrose site and will develop new products for use in deep water oil and gas exploration.
Ms Sturgeon said: "This facility will bring new jobs and investment to Scotland.
"And as one of the most advanced centres of its type in the world, it will underline our international reputation for oil and gas innovation, developing the products and services the industry needs for the future."