Scottish Cabinet Secretary for Wellbeing Economy, Net Zero and Energy Màiri McAllan has announced a £24.5m grant to secure Sumitomo Electric Industries’ investment in a new cable factory for the offshore wind sector.
The plant will create around 330 jobs and bring £350 million inward investment to Scotland. McAllan said in her speech on the announcement that the Scottish government was committed to building the economy.
Addressing business leaders in Edinburgh, she said:“The future of the global economy is green – and I think it’s my job and our job collectively to make sure that Scotland can derive the greatest possible benefit from that future. Our Green Industrial Strategy will be a key tool in helping business and investors realise the enormous opportunities ahead.
“While the economic opportunities of net zero are huge, they are far from the only game in town.
“Today I am announcing a pilot Techscaler hub in Silicon Valley to help promising start ups from Scotland in areas from health technology to space, build contacts with international investors and customers.”
“My commitment is to take an approach across the whole of government to actively listen, engage and communicate – to help achieve business success and in turn Scotland’s economic success.”
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