Isles MP Angus Brendan MacNeil said he is “delighted” the threat to BiFab has been lifted.
A financial package to complete the present contract has been provided by partners involved in the Beatrice offshore windfarm project.
The Scottish Government indicated it will, if necessary, make available a commercial loan facility to BiFab.
Angus MacNeil said: “This is absolutely fantastic news and will be a huge relief for the Arnish workforce and their families.
“When I visited the Arnish Yard yesterday there was a determination from management and the GMB Union to find a solution.
“Yesterday, I said that I was heartened that Nicola Sturgeon MSP First Minister of Scotland had made this a priority and I am delighted that the hard work of The Scottish Government, together with interested companies has resulted in a positive outcome.”
MSP Alasdair Allan said it would be a “relief for many families in Lewis
“Direct intervention of First Minister and attitude of the unions companies and the government all crucial to reaching this outcome.”
MacNeil welcomes Arnish rescue agreement
18 November 2017
Alan Ritchie of GMB union and MP Angus MacNeil