Seizing the business opportunities of net zero.
Scotland can lead the net zero revolution, using its natural
resources, world-class universities and entrepreneurial spirit to
build the industries of the future, according to Cabinet
Secretary for Wellbeing Economy, Net Zero and Energy Màiri
McAllan.
Ms McAllan said the announcement of a £24.5 million grant to
secure Japanese company Sumitomo Electric Industries’ investment
in a new cable factory for the offshore wind sector at Nigg
highlighted how net zero went hand-in-hand with economic growth.
The plant will create around 330 jobs and bring £350 million
inward investment to Scotland.
In her first speech since taking over the new portfolio, the
Cabinet Secretary outlined her vision for delivering on the
economic opportunities of Scotland’s transition to net zero. And
she expressed a commitment to ensuring the key sectors on which
Scotland’s economy is currently built continue to grow and
thrive.
Addressing business leaders in Edinburgh, Ms McAllan said:
“The future of the global economy is green – and I think it's my
job and our job collectively to make sure that Scotland can
derive the greatest possible benefit from that future. Our Green
Industrial Strategy will be a key tool in helping business and
investors realise the enormous opportunities ahead.
“While the economic opportunities of net zero are huge, they are
far from the only game in town. Today I am announcing a pilot
Techscaler hub in Silicon Valley to help promising start ups from
Scotland in areas from health technology to space, build contacts
with international investors and customers.
“My commitment is to take an approach across the whole of
government to actively listen, engage and communicate - to
help achieve business success and in turn Scotland’s economic
success.”
Background
The Wellbeing Economy
Secretary’s speech.
Techscaler announcement.
The Sumitomo plant has been secured thanks to £24.5 million
investment from the Scottish Government, Highlands and Islands
Enterprise and Scottish Enterprise. Find out more here.
