Feb 10, 2012. /Lesprom Network/. BSW Timber (BSW) will begin developing its sawmill at Fort William in Scotland after agreeing a significant financial package with Royal Bank of Scotland Corporate & Institutional Banking (RBS CIB). The site at Fort William is just five miles west of Ben Nevis and has already had GBP 18 million invested in its on-site capability, including a new kiln, treatment plant and biomass facilities. The latest funding from RBS CIB is an eight figure, asset-based lending structure and will be utilised for the construction of a greenmill, which BSW hopes to be operational within the next 12 months. Howard Jones, group financial director at BSW Timber, said: “We have banked with RBS for a long time, and yet again they have come to us with exactly the sort of package we were looking for. We have set ourselves optimistic targets for the coming months, and the redevelopment of Fort William will certainly help us achieve them. Although we are already the largest sawmilling business in Great Britain, we certainly don’t want to rest on our laurels, which is something the team at RBS understand perfectly. We are delighted with what has been put together, and look forward to the improvements it will make to our business needs, as well as our customers’.” BSW is the largest sawmilling business in Great Britain, with operations across the country as well as one sawmill in Latvia. The company, which produces 1 million cubic metres of sawn timber per year and employs over 900 people in total, had a group turnover of GBP 163 million up to 2011.