Swinney: Time to capitalise on a potential £100 billion offshore wind market

Showcasing Scotland’s investment proposition

The Scottish Government will host a major investment event in Edinburgh tomorrow (Monday 17th March) aimed at unlocking new private investment in the country’s rapidly growing offshore wind industry.

More than 100 stakeholders, including investors and developers, will attend the Global Offshore Wind Investment Forum, to be hosted by First Minister John Swinney.

The Forum is taking part following a Green Industrial Strategy commitment to raise the profile of Scotland as a destination for capital investment. The Strategy identified offshore wind as one of five priority areas for Scottish Government resources and investment.

The Scottish Government is investing up to £500 million over five years in the Scottish offshore wind supply chain to leverage an expected £1.5 billion of private investment.

Speaking ahead of the Forum, the First Minister said: “The growth and success of Scotland’s offshore wind industry is not only an ambition of my Government, it is a priority for me personally. Delivering on its promise will not only deliver our global climate obligations, but create significant new jobs and economic opportunities.

“History has shown that success stems from choosing the right time and place to capitalise on the next innovation of the era. We have already gained a significant first-mover advantage and laid the groundwork for success.

“Now we are poised to move to the next stage of development and growth and reap the rewards of what we estimate could be a £100 billion market.

“The Global Offshore Wind investment Forum is about “Team Scotland” showcasing the offer that Scotland’s offshore wind sector offers to global investors. We have a compelling story and a clear message that Scotland is open for business.”

Deputy First Minister Kate Forbes, Acting Cabinet Secretary for Net Zero and Energy Gillian Martin and Employment and Investment Minister Tom Arthur will also take part in the Forum, which has been delivered by Scottish Enterprise.

The UK Government will be represented and Highlands and Islands Enterprise, South of Scotland Enterprise and Scottish National Investment Bank will also take part in the event.

National Galleries of Scotland seeks views on plans for major development in North Edinburgh

CONSULTATION EVENTS NEXT WEEK

A public consultation has started on ambitious plans by the National Galleries of Scotland (NGS) to construct a vitally important new building in Granton, North Edinburgh. Titled The Art Works, the facility will house Scotland’s extraordinary national art collection and provide a significant, long-term contribution to benefit and enhance the local community for years to come.

Located at the heart of one of Scotland’s most diverse yet socioeconomically deprived areas, The Art Works has a unique dual purpose at its core: firstly, as a base for more than 100,000 works of art to be cared for, conserved and researched; and secondly as a key focal point for community investment, pride and growth.

The building will by fully accessible and open to all, offering world-class visitor facilities, rooms for education and community programmes, and new outdoor public spaces – all designed to meet the needs of and help realise the huge potential of the local community.

Previously known as the National Collection Facility, proposals for a building of this kind have been in the early stages of concept development since 2015. Now known as The Art Works, the project aims to bring Scotland’s vast and extraordinary national art collection into a single future-proofed location.

At present the collection is stored across several sites where access and space are extremely limited, logistics are difficult, and conditions are suboptimal for enabling the full potential for public access, conservation and research to be realised; and also for allowing works to be made available for display and loan.

The Art Works will be instrumental in addressing each of these issues, enabling much greater access to and engagement with Scotland’s artistic treasures. The scope for touring the collection around Scotland and internationally will be greatly increased, meaning more people than ever before will be able to connect and engage with Scotland’s incredible artistic legacy.

Sir John Leighton, Director-General of the National Galleries of Scotland said: “This is an incredibly exciting moment for both the National Galleries of Scotland and the communities of North Edinburgh.

“The Art Works has the potential to be truly transformative, not only in how Scotland’s national collection of art is cared for and shared more widely, but also by providing much needed new facilities to unleash the creative confidence and spirit of the local area.

“I would encourage everyone to get involved in the consultation and together help design a major new building in Granton that will work for and provide inspiration to all.”

As part of the Granton Waterfront project, which is adopting ambitious plans on low-carbon travel modes and energy-efficient new housing, The Art Works will play an important role in Scotland’s green recovery as the country’s largest building designed to the Passivhaus standard, which goes beyond the requirements for meeting Scotland’s 2030 carbon reduction targets.

The Art Works will be located on a site west of Madelvic House on Granton Park Avenue. The project is at the pre-planning application consultation stage which enables members of the public to share their views on the proposals.

These will be considered before NGS proceeds to submit a full planning application.

People can find out more about the proposals at an event on Monday 6 June 2022 from 3pm-7pm at Edinburgh College (Granton Campus).

In addition, an online question and answer session with the project team is planned for Tuesday 7 June 2022 between 5pm-7pm.

Further information on the proposals, including a survey and FAQs, can be found on the NGS website at www.nationalgalleries.org/theartworks.

Comments should be made by 1 July 2022, when the consultation will close.

UK Government to host first ever Global Disability Summit

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