Over £100m to stimulate economic growth
27 June 2012
A £105 million package of economic stimulus which, this year, will maximise opportunities to create jobs and growth, was announced today by Finance Secretary John Swinney.
Mr Swinney outlined proposals to support new investment and accelerate projects from future years to boost the economy.
The Scottish Government has repeatedly called on the UK Government to provide resources for capital investment in order to support economic recovery. Today's announcement demonstrates that where the Scottish Government has fiscal flexibility, it will use its resources in order to boost recovery.
Each of these projects can be taken forward quickly and will deliver the maximum economic impact from the funds available. They cover key policy priorities for the Scottish Government, including renewables, tourism, transport and housing.
* £22 million of investment in renewables and low carbon initiatives including £2m in improvements to the Arnish renewable energy facility in the Western Isles
* Accelerated investment of £15 million and additional investment of £20 million in housing
* Accelerated investment of £15 million to expand our existing programme of maintenance of our hospitals
* £6 million investment in Inverness Campus
* Taking forward a number of additional transport projects including funding for green buses; the causeway at Kennacraig and improvements to the A75 Hardgrove to Kinmount route
* Investment in additional regeneration and enterprise projects - in Rutherglen, Bridgeton, Forres and Inverclyde (£10 million in getting work underway to support Enterprise and Infrastructure in Forres)
* Additional investment in visitor facilities within our national parks and Forestry Commission estate
* Further investment in the maintenance of our cultural assets - through Historic Scotland, Creative Scotland, National Records of Scotland, National Library of Scotland and National Galleries of Scotland