8 January 2020

Semiconductor manufacturer Diodes Incorporated has received a £13.7m funding package from Scottish Enterprise towards a £47m project enabling its future growth in Greenock, the First Minister Nicola Sturgeon has announced. On a visit to Greenock, she met staff involved in the company’s Modern Apprenticeship programme.

The First Minister said:

Almost £14 million from Scottish Enterprise will help Diodes advance their research, develop new processes and products and make their systems more efficient and effective.

The Scottish Enterprise funding reinforces Inverclyde’s prominence as an important area for manufacturing and business. I applaud Diodes’ faith in its Greenock workforce. Scotland has an innovative and diverse manufacturing sector with companies successfully competing in international markets. Inverclyde has benefited from recent investment in Ferguson’s and through the Glasgow City Region Deal, projects including the new cruise ship visitor centre and gallery at Greenock Ocean Terminal.”

First Minister @NicolaSturgeon in Greenock to announce almost £14 million @scotent funding package for @DiodesInc towards research and development and training. During her visit she met staff involved in the company's Modern Apprenticeship programme.? https://t.co/MkpxnJzRlg pic.twitter.com/jAeONxTYMd

— First Minister (@ScotGovFM) January 6, 2020