By Guy Taylor The UK Infrastructure Bank (UKIB) has put aside £87m to invest in the development of a new subsea cable factory in the Scottish town of Hunterston. The funding will be given to XLCC, an Essex-based cable manufacturer. UKIB, the state-owned development bank, has pledged an initial injection of £20m, with a further £67m contingent on XLCC hitting certain milestones. The project is expected to create around 900 permanent jobs and more than 200 apprenticeships upon completion, with the facility producing thousands of km of high-voltage cables each year. “Industry projections indicate…