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27/11/2024

New Measures To Boost Investment In Scotland

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The Scottish Government has unveiled a series of measures aimed at attracting and supporting investment in the country.

Deputy First Minister Kate Forbes will take on a leadership role as the Scottish Government's Investment Champion, responsible for coordinating investment efforts and building relationships with investors and developers.

Key initiatives include:

• Investment Unit: A dedicated unit to identify and address barriers to investment.

• Single Investment Portal: A centralised platform for investment inquiries and opportunities.

• Cabinet Sub-Committee: A new committee to coordinate investment activity.

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The government will also explore innovative financing models, such as public sector guarantees and public-private partnerships, to stimulate investment and drive economic growth.

Addressing the Investment Association Conference in Edinburgh Ms Forbes said: "Increasing the level of private investment into Scotland's economy is essential to our ambitions – for growth, for jobs, for reaching net-zero, and for improving our public services. Without investment and the growth it can catalyse, we can achieve none of those goals.

"I will be working to tackle barriers and blockers; and to ensure that the system as a whole works cohesively, effectively, and quickly, to support investors and to deal with issues as and when they arise.

"Scotland has the talent, skills and resources in abundance to be a major player in the energy transition and secure a prosperous and sustainable future. We need to work better, smarter, and quicker to ensure that we can create an investor-friendly environment and seize the many opportunities which lie ahead."

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