Some suites will make lots of money from the government funding before it folds, as is usual. Then the legacy in 10 years will maybe be a local bike shop, the mill will be a tourist centre and coffee shop and there might be a few more nicely developed trails nearby that will most likely have been built and maintained by volunteers.
I might be cynical but it does seem to be how these things work in Scotland, be it windfarms, tidal energy, tourist developments. Some committee in Edinburgh will get a government grant of lets say £1 million to develop something, the think tank and feasibility will take at least half of that with maybe the rest not quite reaching far enough to purchase or start the developed plan and will most likely go bust blaming the lack of continued support from the government for it's failure. Meanwhile 2 dudes in Edinburgh have lived large for 2 years talking the talk and living the dream and will finish feeling let down. They will most likely have the company Mercedes in their salary package.
It's how the energy sector works.
Jamie