The food processing company has been awarded a £4m Food Processing, Marketing and Co-operation (FPMC) grant from the Scottish Government.
On a visit to its facility in Inverurie, Rural Economy Secretary Fergus Ewing announced that Scotbeef will receive a £4m FPMC grant.
The funding will contribute to a £17m investment by the company into a new abattoir and meat-processing facility.
Ewing said: “Scotland’s food and drink is internationally renowned and continues to be a standout sector within our economy.
“The industry is worth around £14bn to our economy each year, accounting for a fifth of manufacturing jobs.
“There are around 18,850 food and drink businesses in Scotland, employing approximately 115,400 people.
“This award will allow Scotbeef to move to new state-of-the art premises on the outskirts of Inverurie – safeguarding jobs and allowing the company to continue to offer a vital service to Scotland’s livestock producers but particularly those in the North East.
“Today’s £4m announcement demonstrates our continued commitment to help food and drink companies, large and small, take their businesses to the next level while building on our reputation as a land of food and drink.”
Robbie Galloway, managing director of Scotbeef, added: “We are delighted that the Scottish Government has agreed to support us in the construction of our new abattoir at Thainstone Business Park in Inverurie.
“As a fourth generation family company, with quality Scottish meat products at its heart, we are extremely pleased that this exciting development will secure the future of meat processing in the North East of Scotland for many years to come, providing security for the farmer producers who supply us and for our skilled local workforce.”