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Scotland: £24bn infrastructure plan will boost jobs

Christian Fernsby ▼ | September 25, 2020
Tens of thousands of jobs will be supported by the Scottish Government’s new £24 billion Draft Infrastructure Investment Plan (IIP).
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Thousands of jobs   Scotland airport
Covering the five years from 2021-22 to 2025-26, the Plan will help stimulate Scotland’s green economic recovery from the coronavirus pandemic.

Topics: Scotland

It includes investment to decarbonise business, industry and buildings, the provision of new health facilities and schools and support for manufacturing innovation.

The Plan also places a new emphasis on enhancing and finding new uses for existing infrastructure before embarking on new projects.

The Draft IIP includes:

- more than £8 billion for environmental sustainability and the transition to net zero emissions, including £250 million to support 18,000 hectares of forestry and restoring peatlands

- almost £5 billion boosting inclusive economic growth, including £500 million to extend full fibre broadband to businesses and households in rural areas and £30 million for the National Islands Plan

- more than £11 billion for our cities, towns, villages and rural areas, including £275 million to revitalise town centres and nearly £2 billion on health infrastructure and equipment.

Further projects will be added to the Draft IIP when their procurement plans are sufficiently advanced. It may also be possible to bring more schemes forward after the UK Government publishes it Comprehensive Spending Review, which will clarify the Scottish Government’s budget for future capital investment.