Finance secretary John Swinney unveiled the region’s blueprint for the economy yesterday and said that the SNP Goverment wants to build on Scotland’s complete advantage in renewable energy to secure investment and create jobs.
The plan is to create a £70 million National Renewables Infrastructure Fund to improve the region’s existing infrastructure to attract new investment in offshore renewables, creating a possible 130,000 jobs.
It also promises to improve the quality of the region’s housing stock, increasing energy efficiency and reducing fuel poverty.
“In light of the global downturn, the strategy takes the opportunity to sharpen our focus on areas where there is considerable growth potential for Scotland” said John Swinney. “Scotland is home to a wealth of ambitious, innovative companies and it’s essential that we do all we can to help these businesses capitalise on opportunities in new international growth markets.”
The Scottish Labour finance spokesperson, Richard Barker said that the strategy failed to produce any interim targets for renewable energy generation of job creation.