Apr 13th 2012
Scottish government outlines new range of incentives to encourage investment
Scotland's finance secretary John Swinney outlined a range of new business initiatives to encourage investment in Scotland on Tuesday 10 April. The incentives and actions include: business discount rates; new streamlined planning protocols; skills and training support; and an international marketing campaign to promote the sites. The Port of Dundee is part of the low-carbon/ renewables east enterprise area and is a key renewables site identified within the National Renewables Infrastructure Plan.
Following the announcements a report by The Pew Charitable Trusts was published on Thursday 12 April which revealed that UK clean energy investments rose by 35% during 2011 to £5.9bn. Progress has been driven by exponential growth in the solar sector as developers rushed to beat deadlines for the subsidy cuts. The surge in investment takes the UK up to seventh in a ranking of the G20 countries, up six places from 13th position in 2010 when it made £4.4bn of investment.
Pew Trusts E2B Scottish government
Climate Change Levy exempt energy
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