First Minister Humza Yousaf has announced £25m in funding for the Scottish National Investment Bank to be invested in the transition away from oil and gas.
On his first visit to Aberdeen since taking office last week, Yousaf that this sum from the Just Transition Fund will be handed to the bank in order to “leverage further private investment” in the north east.
The fund was set up by Nicola Sturgeon’s administration, which pledged £500m over a decade to shift away from fossil fuels.
