Following the discontinuation of the light on 2 March 2012 the Board no longer required the site at Covesea and plans were put in place to sell the Category A Listed property. In July 2012 the Northern Lighthouse Board received notification from The Scottish Government that the Covesea Lighthouse Community Company Limited had registered an interest in the Covesea Skerries property under the terms contained in Part 2 of The Land Reform (Scotland) Act 2003. The Covesea Lighthouse Community Company was formed by the local business association in Lossiemouth to develop the lighthouse site for tourism.
The Covesea Lighthouse Community Company managed to secure a major grant from the Scottish Land Fund and on 4th April 2013 the Northern Lighthouse Board sold the entire lighthouse complex at Covesea Skerries to the Covesea Lighthouse Community Company. The plan is now to develop the iconic landmark as a major tourism hub to promote local heritage, the area's unique wildlife and environment and its links to the nearby airbase at RAF Lossiemouth.
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