Mission Impacts
The investment in DITT aligns to our place mission, which aims to transform communities and help people thrive. As an impact investor, the Bank is an impact investor, focused on delivering both commercial returns and tangible benefits to address some of Scotland’s most pressing challenges.
About DITT Construction Ltd
DITT Construction Ltd is one of the largest construction companies within Shetland and has been at the forefront of the industry for more than 50 years.
The company has built up a management structure and workforce with extensive experience in all types of construction. Today the company employs close to 100 personnel with an annual turnover of approximately £8 million.
The company has transferred its entire shareholding to an Employee Ownership Trust (EOT).
Key Information
Key Quote
Peter Tait, Managing Director of DITT Construction Ltd, said: “We are haemorrhaging talent and opportunity in Shetland due in part to the lack of affordable places for workers and young people to live. The loan facility from the Bank is enabling us to build what we hope are the first of many MMR developments.
“Our move to employee ownership was motivated in part by our desire to ensure we could continue to provide long-term employment opportunities, including our annual intake of apprentices. We know all-to-well the housing challenges workers face, and we are committed to being part of the solution and brining tangible benefits to our community.”
Alignment to the United Nation's Sustainable Development Goals
Good Health and Well-being
