HIE welcomes report of £8bn wave and tidal energy potential
Wave and tidal energy could deliver up to £8bn to Scotland’s economy by 2050, and support more than 15,000 jobs, including high-value employment in coastal communities.
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This is one of the flagship projects of Moray’s multi-million pound Growth Deal and includes £10m investment from HIE.
It aims to create a vibrant space in the heart of Elgin that will support economic growth and cultural expansion across Moray.
Stuart Black, HIE’s area manager in Moray, said:
“The Elgin Cultural Quarter will breathe new life into two much-loved venues in Moray and give the area’s rich cultural offering a new platform. It will also support both tourism and creative industries, important sectors in Moray that have been hit particularly hard by the pandemic.
“We are very pleased to be able to offer our support. The funding for the design works should enable the projects to get started early in the Moray Growth Deal and aid economic recovery.”
Details of the announcement are available on the Moray Council website
Wave and tidal energy could deliver up to £8bn to Scotland’s economy by 2050, and support more than 15,000 jobs, including high-value employment in coastal communities.
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