£70 million Scottish government fund to aid offshore windNews // November 5, 2010
BBC News Online reports that a £70 million fund has been set up by the Scottish government to help support the offshore wind industry over the next four years.
The money has been diverted from other priorities of Scottish Enterprise and Highlands and Islands Enterprise. It will be used to improve ports and help companies testing, manufacturing and supplying materials for turbines.
First Minister Alex Salmond unveiled the fund at the Renewable UK 2010 conference in Glasgow.
The Scottish government hopes the investment will help Scotland realise the potential of creating 28,000 direct jobs and generating £7.1bn for the economy over the next decade. Ports and companies will be invited to bid for funding from the new National Renewables Infrastructure Fund.
In his announcement, Mr Salmond also repeated a call on the UK government to make money available for renewables projects from the Fossil Fuel Levy.