Prestwick £84m satellite manufacturing site axed along with 575 jobs hope

dailyrecord.co.uk:

Multi million pound plans to build a state-of-the-art satellite manufacturing site at Prestwick have been DITCHED.Ayrshire Live can reveal how the company behind the £84m scheme has today announced a major U-turn and revealed they are now scrapping the plan.Mangata Networks say they can no longer afford to continue with the current project, which was expected to create around 575 jobs and give the region a major economic boost.The project was also a major component within the wider £250m Ayrshire Growth Deal.Today’s devastating news has been met with disappointment.In a statement, a spokesperson for Mangata Networks said: “Due to challenging global economic conditions, significant increases in material costs and issues with supply chain availability, Mangata Networks, in consultation with Scottish Enterprise, has made the decision to end the new build project for its facility in Scotland.”The Ayrshire Live app is available to download now.Get all the local news in your area – plus features, football news and the latest on the coronavirus crisis – at your fingertips 24/7.The free download features the latest breaking news and exclusive stories while you can customise your page with the sections that matter to you.The Ayrshire Live app is available to download now on iOS and Android.Ayrshire Live told back in December 2022 how the £84 million facility would see research and development activities, alongside satellite manufacturing, contained at a site within Prestwick International Aerospace Park.And up to 575 ‘highly skilled’ and ‘highly paid’ new jobs were supposed to be created.The aim of the site was to produce and test more than 24 medium class satellites every three months.And an operations centre was also part of