THE Lorn Arc regeneration programme will continue, Argyll and Bute Council has said, but alternative sources of funding are being sought.
The situation was discussed last Thursday when Fergus Murray, head of economic development, updated the council’s policy and resources committee. He said: ‘I’d rather have outside investment than draw down a loan from the Scottish Government.’
Councillors were informed that ‘due to a number of changes, such as the wider economy and the follow-on effects for business in Argyll and Bute, the business case for improvements in the Lorn Arc area, as originally envisaged, has proved unviable’.