The enhanced funding from the Net Zero and Energy portfolio will support the development of renewable energy, address climate change, and protect and restore nature. The capital funding of £150 million aims to accelerate investment in the offshore wind sector, highlighting the government’s dedication to this renewable energy source.
As part of the initiative, a Scottish Government hub for offshore wind will be established in the North-East, offering an additional route for industry engagement with government teams. To support the recently published Green Industrial Strategy, over £25 million will be allocated to aid the energy transition, creating jobs across the supply chain.
The Cabinet Secretary highlighted that this investment will help leverage £1.5 billion in private investment for infrastructure and manufacturing facilities essential to the growth of the offshore wind sector. This move emphasises the Scottish Government's long-term commitment to renewable energy and economic development.
