The Arnish area was also surveyed by SSE for a second sub-sea cable but lost out in favour of Gravir to the south as the preferred site. SSE prefers Arnish Point as of 2016. The manufacturing yard was originally established in the 1970s as a fabrication plant for the oil industry but suffered regular boom and bust cycles. The downturn in business from the North Sea oil industry in recent years led to a move away from serving this market. The yard is now earmarked as a key business in the development of the whole Arnish Point industrial estate and has received large amounts of funding in recent years.