Scotch Whisky Investments has announced plans for a 'significant investment' in Fife, including proposals for a new development in Falkland which will incorporate an 'iconic' corporate headquarters building, and the expansion of a proposed whisky storage facility in Glenrothes.

The whisky asset management business, which offers financial investment products in the form of bottles and casks of single malt Scotch whisky, has targeted Fife – traditionally the ‘birthplace’ of Scotch whisky – to create a centre to showcase the history of the drink, and educate people about single malt.

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As part of this vision, it wants to create a mixed-use development in Falkland, including a new corporate headquarters building with restaurants, museum and hotel accommodation, as well as extensive community facilities for the village, at the site of St John’s Works, formerly a linoleum factory.

It is also intended to relocate the world-famous Valentino Zagatti whisky collection – one of the largest in the world with more than 3000 bottles of close to 300 whisky brands – from the Netherlands to a museum within the Falkland building.

Falkland is set to further benefit with the addition of new community facilities, in the form of an additional public car park, with a multi-use village green, micro-forest and play park, in the heart of the site.

The Falkland development forms part of a proposed multi-million-pound investment in Fife by SWI, that also includes a single malt Scotch whisky storage and bottling facility in Glenrothes.

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An online consultation event, in accordance with Scottish Government guidance, will be held for each of these proposals in August, followed by a physical consultation event for each in September, both at local venues. A leaflet will be circulated to the public in due course with details of these events.

Director for Scotch Whisky Investments, Keith Rennie, said: "We are delighted to be bringing forward ambitious proposals for Falkland and Glenrothes as part of a significant investment programme for Fife.  

 “Our vision as a company is to showcase and educate people about single malt Scotch whisky, as well as promote investment in the commodity and provide new facilities for Falkland.

“Through this activity, complemented by the expansion of our facilities in Glenrothes, considerable employment and tourism opportunities will be delivered not just for Fife, but for Scotland as a whole."