Scots investment projects announced

29/06/2012 08:55:38

 

Scotland's Finance Secretary has announced details of a £105m project that will include capital investment to build new affordable homes across the country.

John Swinney said £35m will go towards building 650 affordable houses as part of the programme designed to stimulate the economy and boost growth.

The initiative will see £15m invested in health service maintenance work and a further £10m deployed to boost enterprise and improve infrastructure in Forres, Moray affected by RAF Kinloss's closure.

The construction industry in south west Scotland will also benefit from a freshly-announced upgrade to the A75 between Hardgrove and Kinmount.

Other new measures include £22m for low-carbon initiatives and renewable energy sources, including the Green Bus Fund. Money channelled into this environmentally friendly transport will come from the fossil fuel levy, ring-fenced for renewable energy projects.

Swinney said: "The measures I have announced today are designed to continue our efforts to develop the renewable sector in Scotland and to give a much-needed boost to the construction industry in housing, transport, health, tourism and regeneration. It is a capital investment programme that Scotland needs and this Government is delivering."

Copyright Press Association 2012

 

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