1. Ambitious for Scotland Invest in Shetland All Energy 2014 May 2014 Prepared by Rachel Hunter, Area Manager, HIE Shetland Area Office

2. Ambitious for Scotland  The Scottish Government’s economic and community development agency for the north and west of Scotland.  The region covers more than half of Scotland and is home to nearly half a million people Who we are: Highlands and Islands Enterprise Our purpose: Our vision:  HIE’s purpose is to generate sustainable economic growth across the Highlands and Islands  We want the Highlands and Islands to be a highly successful and competitive region in which increasing numbers of people choose to live, work, study and invest.

3. Ambitious for Scotland Shetland

4. Ambitious for Scotland  Close proximity to North Sea and West of Shetland Oil and Gas fields (North Sea 70miles NE and Clair Field 47 miles NW)  Equidistant from Bergen and Aberdeen  Frequent 1 hour flights to Aberdeen and with onward connections to London, Manchester, Schipol, Birmingham, Belfast, Bristol, Stavanger, Frankfurt, Paris etc…  Frequent flights to Edinburgh and Glasgow  Daily overnight passenger/freight ferry services to Aberdeen  Internal transport - excellent road infrastructure, fixed links and inter-island ferry services Where are we?

5. Ambitious for Scotland Shetland life and economy 23,000 people Bank of Scotland quality of life survey – Shetland in the top three places to in Scotland stay for a number of years: -Good health and long life expectancy -High employment -Low crime -High quality schooling and educational attainment -Affordable house prices Economic Output 2011 (SIC figs, estimated, draft) £1.091 billion £m Fisheries & Aquaculture310 Oil Terminal 46 Oil Supply Services 25 Construction89 Ports and Harbours23 Marine Engineering11 Other Manufacturing11 Tourism 17 Agriculture 18 Textiles 4 Retail & Distribution 68 Public Services 205 Other Services 120

6. Ambitious for Scotland Renewable energy resource and potential World class, wind, wave and tidal resources Highest wind turbine efficiencies in Europe –(Small scale wind, Burradale 50%+ capacity factor; Large scale Viking 44% estimated capacity factor) Estimated exploitable potential 7.8GWh *Aquatera Study 2005, Shetland/Orkney World class wave resource – exposed coasts and high ground to North Atlantic wind and wave regime World class offshore wind resource Significant tidal resource

7. Ambitious for Scotland 40+ years skills and experience in Oil & Gas Sullom Voe Terminal – future secured for another 30 years TOTAL Gas Plant Under Construction – Commissioning 2015/16 North Sea Decommissioning Skilled, professional and experienced workforce and supply chain First class facilities and infrastructure Source: Dong Energy

8. Ambitious for Scotland Reducing uncertainty for investors Zetland County Council Act 1974 –Duty of development, conservancy and harbour duties. –Delegated marine works licensing to Local Authority Control –Licence/control out to 12 NM Shetland Marine Spatial Plan –Proactive development- Scottish Government Pilot scheme, undertaken by NAFC Marine Centre –Facilitates reduced spatial conflict and good planning –Available to download from www.nafc.ac.uk Providing investment clarity for investors A Shetland community ready to provide proactive and creative solutions for your business

9. Ambitious for Scotland Supporting business to invest Joined up “Shetland PLC” approach – a powerful network to help your move Contact us to mobilise our multi-agency inward investment team to support you - early engagement is key

10. Ambitious for Scotland Funding and support HIE can offer assistance through: ns Grants Loans Direct Investment

11. Ambitious for Scotland  Availability to offer Regional Selective Assistance (RSA)  In addition to RSA, HIE is able to use its discretionary powers in relation to areas such as:  Job creation  Training  Property Provision and;  R&D and Innovation  Signposting to other funding sources – REIF, Green Investment Bank etc. What we can fund

12. Ambitious for Scotland To find out more:  www.hie.co.uk www.hie.co.uk  Contact our Inward Investment co-ordinator Katrina Wiseman, katrina.wiseman@hient.co.uk or telephone 01595 744909 katrina.wiseman@hient.co.uk  We are able to come to meet you at your business location and provide further information to you and your colleagues. Interested in investing in Shetland?