Scottish Government unveils £62m to enable green recovery and continued net zero progress

Economy Secretary Fiona Hyslop said: ‘Aberdeen is recognised globally as a centre of excellence in oil and gas and this funding will help ensure that the knowledge, skills and expertise it has to offer will play a vital role in the energy transition’

The Scottish Government has announced a new £62 million fund to help the energy sector recover from the "dual economic impacts" of the coronavirus pandemic and the oil and gas price crash.

The Energy Transition Fund will support businesses in the oil, gas and energy sectors and help attract private sector investment in the region over the next five years - focusing on the North East of the country, the investment will also benefit the wider Scottish energy sector, economy and supply chain.

Major projects to be considered for financial assistance include a Global Underwater Hub, Net Zero Solution Centre projects, a Hydrogen Hub, the Acorn project and an Energy Transition Zone.

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