Construction News

16/10/2008

Craigvar Construction To Close

Craigvar Construction in Galashiels is to close.

The Scottish Border based firm will wind up operations by the end of the year.

A total of 14 jobs will be lost.

Company director Gordon Richardson blamed the current economic situation for the move.

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A report by the Scottish Chamber of Commerce published today showed that manufacturing capacity had fallen and the proportion of construction firms working below optimum levels had increased from 30% to 70%, since the last quarterly report.

Over 70% of construction respondents claimed their business confidence had dropped since the end of June.

Earlier this month the Scottish Government announced a £9m funding package to help the construction industry, including money allocated to the Borders.

(GK/JM)

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