BURNTISLAND Fabrications (BiFab) has been placed into administration, the company has confirmed.
In a statement, the firm said: “BiFab can confirm that the board has agreed to place the company in administration following the Scottish Government’s decision to remove contract assurances.
“The company has worked tirelessly to bring jobs into Fife and Lewis with some success.
"However, the absence of supply chain protections in Scotland and the wider UK have consistently undermined our ability to compete with government-owned and government-supported yards outside and inside the European Union.
READ MORE: BiFab bosses 'shocked' by Scottish Government funding cut, MSPs told
“We would urge the Scottish and UK governments to address these structural challenges as a matter of urgency in order to ensure that the benefits of offshore renewables are shared more widely with communities across the country.”
The fabrication firm, which has yards in Methil and Burntisland in Fife, and Lewis, was rescued by the Scottish Government in 2017 and the acquired by Canada-based JV Driver the following year, with the company believing the Scottish Government would be the “primary financiers”.
A £2 billion deal for BiFab to manufacture eight wind turbine jackets at its yards in Methil as part of the Neart Na Gaoithe (NnG) project collapsed last month, and the UK and Scottish governments have said they have no legal route to provide further financial support to the company.
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