The new shore side premises will enable Fairline to build yachts over 70ft which has not been possible at the firm’s existing Oundle, Northamptonshire location, because it is land-locked.
“This is the next big step in the upward journey of Fairline Yachts and proves our commitment to investing in British boatbuilding,” said Russell Currie, managing director of Fairline Yachts.
“The global market is constantly changing and many key yachting territories demand yachts larger than we are currently able to create. By increasing our manufacturing facilities we are future-proofing Fairline Yachts, giving us room to expand and create exciting new yachts.”
Fairline’s existing manufacturing base in Oundle will continue to operate and will build boats up to 70ft. Whilst those over 70ft will be built at the new site with testing, commissioning and customer handover also taking place there.
The acquisition of this water front production facility, the location of which is still to be confirmed, represents a monumental shift in circumstances for Fairline, which has gone from administration to heavy investment in just 18 months.
It is estimated that 200 new jobs will be created at the new facility with building work commencing later this year. The first boats will begin production in the late summer of 2018.
Fairline has just launched its brand-new Squadron 64, the latest model designed for Fairline Yachts by celebrated superyacht designer Alberto Mancini, at Cannes Yachting Festival.