The UK Government has signed a memorandum of understanding (MOU) with the UK Royal Navy and Argyll and Bute Community Planning Partnership to invest millions of pounds for developing HM Naval Base (HMNB) Clyde in Scotland.

The investment will help create new job opportunities, in addition to promoting transport, leisure and business growth in nearby Helensburgh, Scotland.

Naval Base commander commodore Mark Gayfer said: “There are tremendous opportunities for mutual benefit, such as our redevelopment of the Drumfork Club in Helensburgh, building new sports facilities and the UK Government £5m of support for the Council’s waterfront redevelopment.”

The naval base will see the arrival of all Argyll and Bute-based UK attack submarines by 2020 as part of the development, along with the eventual arrival of the Royal Navy’s Dreadnought class of ballistic submarines.

Signatories will work in collaboration under the agreement to provide better infrastructure and opportunities for the families of the Royal Navy, as well as the local people so that they may to live, work and grow together more easily.

"The UK’s entire submarine fleet will be based at Faslane by 2020; this will reinforce Scotland’s vital role in protecting our country."

Scotland Secretary of State David Mundell said: “The UK’s entire submarine fleet will be based at Faslane by 2020. This will reinforce Scotland’s vital role in protecting our country, and guarantee skilled, secure jobs on the Clyde for years to come.

“We must ensure this investment in the base is also a catalyst for growth and regeneration in the wider community.

“Today’s agreement will deliver new housing and improved infrastructure, ensuring people in Argyll and Bute benefit directly from hosting the base.”

The HMNB Clyde development work has been set out in a stragetic delivery and development framework (SDDF), and will focus on the economy, community facilities, transportation, education, communication and housing.

The project will see an increase in the number of HMNB Clyde staff from 6,800 to 8,200, while the construction periods are expected to generate an additional 1,000 contractor jobs.