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The Rockfield Cente has received a £20,000 cheque thanks to a funding partnership between BID4Oban and MacQueen Brothers Charitable Trust.
Each organisation has pledged £10,000 – with the investment being a mixture of cash and community shares.
Andrew Spence, chief executive of BID4Oban, said: ‘Having all three organisations working together means we can ensure that the needs of the business community in Oban are taken into consideration with the future direction of the Rockfield Centre and contribute significantly to an area of the town which needs upgrading.
‘We are currently working with A and B Economic Development to gain additional funding for the town centre regeneration and improvement.’
Gordon McNab, chairman of of Oban Communities Trust, said: ‘We are delighted with the funding partnership and this substantial amount given by BID4Oban and MacQueen Brothers Charitable Trust.
‘This is a recognition of how important the Rockfield Centre will be to Oban.
‘Enterprise is an important part of the Rockfield project. We aim to attract substantial numbers through our doors, locals and visitors alike providing interesting, stimulating, educational and fun exhibits as well as a range of events at the Rockfield Centre.
‘It will be a major attraction. Instead of using the town as a gateway, people will remain, stay and spend. It will substantially benefit the local economy.
‘We have seen that already with the number of visitors to our various exhibitions and events. Businesses will benefit in all kinds of ways. BID recognises that and the potential income to be generated will percolate everywhere.’
Mr McNab added: ‘Thank you to all the people in our community who can also see that this is something very special.
‘Please keep on buying community shares which give you a vested interest in this exciting project. We promise wonderful things and we will deliver.’
Linda Fraser, of MacQueen Brothers Charitable Trust, said: ‘Future generations will benefit from and appreciate the foresight of creating a facility to preserve and display our heritage and culture with the added benefit of providing an attraction which can be enjoyed in our inclement weather.’
Graham MacQueen added: ‘It’s so important that the business community recognises the value the Rockfield Centre will bring.’