The enterprise agency's latest operating plan - its first since transferring business advice services to local authorities on 1 April 2009 - details HIE's contribution to deliver the Scottish Government's Economic Strategy in the Highlands and Islands.
HIE has committed almost £17m in 2009-10 to 'transformational projects' and is appraising around 20 further projects with a view to selecting those that will make the biggest difference to the region's economy.
It also aims to establish close 'account managed' links this year with a further 150 businesses and 40 social enterprises. In addition, it will work with 18 local communities in fragile areas to develop growth plans.
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"Supporting businesses remains a top priority for HIE," said Chief Executive Sandy Cumming. "Our focus is on working closely with businesses which have the potential to grow substantially creating well paid jobs and wealth right across the region."
He added: "HIE will be working closely with businesses and communities to help them adapt and maximise their opportunities within the changing global economic situation. Businesses in the Highlands and Islands are traditionally resourceful and resilient. Through delivering our economic recovery plan HIE will continue to help them combat the challenges they face by supporting the spirit of innovation which exists here."
From Shetland to Argyll and from the Outer Hebrides to Moray, HIE will focus its activities on three principal areas:supporting significant and high growth businesses and sectors, creating the infrastructure and conditions to improve regional competitiveness and strengthening communities, especially in fragile areas.
HIE agrees its operating plan on an annual basis with the Scottish Government, using the document to set out the specific actions it proposes in order to deliver the Government's Economic Strategy in the Highlands and Islands.
(GK/JM)
