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£70m National Renewables Infrastructure Fund announced in Scotland
A £70m National Renewables Infrastructure Fund for Scotland has been announced.
The fund will strengthen port and manufacturing facilities and supply chain provision for manufacturing offshore wind turbines and related components, has been announced.
It will also leverage significant private sector investment in the next four years and help deliver an estimated 28,000 jobs and £7.1bn in value to Scotland's economy over the coming decade.
More than 7,000 offshore wind turbines are expected to be constructed off the UK's coast over the next decade and the Scottish Government and its enterprise agencies are working to support offshore wind farm developers, including by ensuring the provision of Scottish ports and companies able to provide critical manufacturing, operations and maintenance services.
Scottish Enterprise and Highlands & Islands Enterprise will now work with site owners and public sector partners to develop key locations to the required specification.
The fund is being delivered through a partnership of Scottish Enterprise and Highlands & Islands Enterprise until 2015.
First Minister Alex Salmond said: "I am delighted to announce - and open for business - Scotland's £70m National Renewables Infrastructure Fund. The fund covers infrastructure relating to manufacturing and test/demonstration facilities."
"Together with Scottish Enterprise and Highlands & Islands Enterprise, we are determined to stimulate the market and act decisively to trigger vital capital investment and launch the next phase of Scotland's renewables revolution."
Further information:
Scottish Government
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