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Aberdeenshire to drive forward green industrial revolution
A new project to provide safe carbon storage capacity in the North Sea, off Aberdeenshire, will benefit from £31 million of UK Government funding.
From:
17 March 2021
£31 million UK Government funding for world-class, safe carbon storage in rock deep below the North Sea
Project could cut emissions and support a greener economy across North East Scotland, creating tens of thousands of new jobs
Funding part of a wider package of UK Government measures to put the UK at the forefront of the global green industrial revolution.
An ambitious new project to provide world-class, safe carbon storage capacity in the North Sea, off Aberdeenshire, will benefit from £31 million of UK Government funding and could create tens of thousands of new, green jobs, the UK Business and Energy Secretary announced today (Wednesday 17 March).
Date Time
Islands Growth Deal worth £335 million signed
Today [17 March 2021], UK Government Minister for Scotland Iain Stewart joined the Scottish Government’s Cabinet Secretary for Transport, Infrastructure and Connectivity, Michael Matheson, and leaders of Comhairle nan Eilean Siar, Orkney Islands Council, and Shetland Islands Council to sign the Heads of Terms for the Islands Growth Deal.
The agreement outlines plans for the UK and Scottish governments to each invest £50 million in the future economic prosperity of Orkney, Shetland and the Outer Hebrides. This is anticipated to unlock a further £235 million of investment from project partners, delivering a combined £335 million boost for the islands.
A focus on the energy transition and a green hydrogen hub will form key parts of a £100m plan to boost the economic prosperity of the Orkney, Shetland and the Outer Hebrides islands.
The agreement outlines plans for the UK and Scottish governments to each invest £50m in the future economic prosperity of the three island regions.
The Heads of Terms for the Islands Growth deal includes plans for an Islands Centre for Net Zero, which would support the energy transition for all three island groups.
It is hoped this would create sustainable “green” jobs within the islands for 300 people.
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