History
Peterhead was founded by fishermen and was developed as a planned settlement. In 1593 the construction of Peterhead's first harbour, Port Henry, encouraged the growth of Peterhead as a fishing port and established a base for trade. A lifeboat station was first established in 1865. Since early times Peterhead has received a portion of its water supply from Morris Wells. Peterhead convict prison was opened in 1888, gaining a reputation as one of Scotland's toughest prisons. A new phase of growth was initiated in the 1970s with Peterhead becoming a major oil industry service centre, and the completion of the nearby St Fergus gas terminal. At this time, considerable land holdings were allocated for industrial development.
In recent times, the town has suffered from several high profile company closures and is facing a number of pressures, including Common Fisheries Policy reforms. However, it retains a relatively diverse economy, including food processing, textiles, service industries and, still importantly, fishing. (Over 90,000 tonnes of fish, with a value of around £60m are now landed at Peterhead, which is still also base to over 550 fishermen.) The Peterhead Port Authority plans to extend the northern breakwater as a stimulus to the town's economic development. In addition, to assist with business diversification and town centre environmental improvements, the 'Peterhead Project' initiative under the Aberdeenshire Towns Partnership brings together the Council, Scottish Enterprise Grampian, Communities Scotland, commerce and community representatives.
Until April 2005, the Royal Air Force station RAF Buchan was located near the town.
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