(Bloomberg) — Scotland began a 76 million-pound ($112
million) program of investment in low-carbon infrastructure such
as heating for homes and transportation improvements.
The Low Carbon Infrastructure Transition Programme is
getting 33 million pounds from the European Regional Development
Fund and the rest from match-funding partners, the Scottish
Government said Friday in a statement on its website.
The program will support startup projects through to
demonstration facilities, according to the statement.
“The estimated market value of sales in Scotland’s low
carbon and environmental goods and services sector in 2011 to
2012 was 10.1 billion pounds, with around 4,200 companies
employing 78,000 people,” Keith Brown, cabinet secretary for
infrastructure, investment and cities, said in the statement.
“This is forecast to grow by 30 percent to reach a value of
13.2 billion pounds by 2016 to 2017.”
To contact the reporter on this story:
Louise Downing in London at
ldowning4@bloomberg.net
To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Tony Barrett, Randall Hackley