Scottish Gov Launch Initiative to Unlock £200 Million of Investment in Green Infrastructure
A new investment programme, called the Green Growth Accelerator, has been launched to speed up delivery of low carbon infrastructure projects across Scotland and provide extra resources and technical support to local authorities to get projects off the ground more quickly.
The programme will unlock £200 million of public sector investment through Local Authorities committing to deliver a set of agreed economic, environmental and social outcomes through investment in infrastructure. Where these outcomes are met the Scottish Government makes a regular payment over a set period, typically 25 years, reflecting the value of the outcomes achieved.
Net Zero Secretary Michael Matheson said:
Scotland was one of the first countries in the world to acknowledge and respond to the global climate emergency and our dedication to ending our contribution to climate change by 2045 is absolute…
By capitalising on our strengths in energy, natural capital, innovation, and our skilled workforce, we can be at the forefront of growing global low carbon markets in the future.
The Green Growth Accelerator illustrates how, working together across government, business and communities, we can capitalise on the economic, environmental and social benefits that our journey to net-zero present.