Initiative to unlock £200m of low carbon investment launched.
A new investment programme to help deliver Scotland’s just transition to a net-zero emissions economy has been launched.
The Green Growth Accelerator will speed up delivery of low carbon infrastructure projects across Scotland and provide extra resources and technical support to local authorities to get projects off the ground more quickly. Once fully opened the programme will unlock £200m of public sector investment to drive our transition to net zero – with further investment from private sector also anticipated.
Developed in collaboration with COSLA, it builds on the principles of the Growth Accelerator model which has already supported major economic investment opportunities including the St James Quarter in Edinburgh and the Waterfront in Dundee.
Applications are now open for six projects to help test the Green Growth Accelerator model. They will be developed with funding of £1m from the Scottish Government, who will work with COSLA and local authorities to learn from the first six projects ahead of a further roll out of the programme in 2022/23.
The Green Growth Accelerator was announced by Net Zero Secretary Michael Matheson ahead of a Scottish Government parliamentary debate on addressing the global climate emergency, during which Ministers will outline the government’s delivery plans over the course of the new parliament and urge collective action to deliver Scotland’s net-zero ambitions.