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07/11/2024

SFT Highlights Significant Impact On Scotland's Infrastructure

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The Scottish Futures Trust (SFT) has published its latest Outcomes report, showcasing the significant economic and environmental impact of its work over the past year.

The report highlights a range of achievements, including:

• Accelerating Electric Bus Adoption: Attracting private investment to speed up the deployment of electric buses across Scotland.

• Unlocking Housing Development: Facilitating the sale of the former Clydebank Health Centre site to enable the development of affordable housing.

• Expanding Affordable Housing: Piloting a third initiative with six local authorities to increase the supply of affordable housing.

• Boosting Economic Growth: Supporting the development of Stornoway's deep-water terminal, which is expected to generate £5 billion in economic benefits over the next decade.

• Future-Proofing Infrastructure: Ensuring the design of East Lothian Council's Wallyford Campus aligns with future local employment needs.

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• Promoting Sustainable Building: Implementing the Net Zero Buildings Standard to support over £3 billion worth of public sector projects.

These and other achievements are detailed in 19 new case studies available on the dedicated Outcomes website. Each case study demonstrates the collaborative efforts of SFT and its public and private sector partners in maximizing social, economic, and environmental benefits from infrastructure projects across Scotland.

Speaking of the achievements, Peter Reekie, chief executive of the Scottish Futures Trust said: "At times when budgets are becoming ever tighter, it is vital that we look to maximise the use of our existing public sector properties whilst looking at new ways to attract investment, which has been our focus for many years as Scotland's centre of infrastructure expertise.

"We are finalising our new Corporate Plan which will take us to the end of this decade, and we will be prioritising our resources toward economic growth and delivering net zero outcomes to support a sustainable and thriving Scottish economy.

"We will continue to use our funding and financing expertise to unlock increased levels of private investment, and work with colleagues across the public and private sectors to improve the quality and delivery of infrastructure projects and programmes across Scotland."

Scottish Government Cabinet Secretary for Finance and Local Government, Shona Robison, said: "Scottish Futures Trust is an essential partner in delivering our plans for Scotland's infrastructure. This report demonstrates the value of its involvement in infrastructure projects and programmes.

"The Scottish Government is working with SFT as it develops its corporate plan to ensure it continues to focus its expertise and experience where it can have most impact and drive best use of our public finances."

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