Scottish Government Funds Recovery of Energy Sector

Support package to help deliver net zero future.

A multi-million pound fund has been set up to help the energy sector recover from the dual economic impacts of coronavirus (COVID-19) and the oil and gas price crash. The £62 million Energy Transition Fund will support businesses in the oil, gas and energy sectors over the next five years as they grow and diversify and will help attract private sector investment in the region. The investment, with a focus on the North East, underpins the region’s ambitions to become a world leader in the transition to net zero, helping Scotland meet its ambitious targets on climate change. Major projects to be considered for funding include a Global Underwater Hub, Net Zero Solution Centre projects, a Hydrogen Hub, the Acorn... ... More: Official Press Release Scottish Government

Keywords:

Scotland, government, package, coronavirus, COVID-19, recovery, energy sector, industry, net zero