LOCAL MSP BACKS PLANS TO GROW GREEN ECONOMY IN WEST LOTHIAN ECONOMY

LOCAL MSP BACKS PLANS TO GROW GREEN ECONOMY IN WEST LOTHIAN ECONOMY

Angela Constance, MSP for Almond Valley has said that Scottish Government Budget plans to ensure a strong start for the Scottish National Investment Bank, and its mission to drive the transition to a net zero economy, will encourage economic growth in West Lothian and across Scotland.

The 2020/21 Scottish Government Budget provides £220 million of fresh seed funding to help Scotland meets its ambitious climate change targets, by financing companies and projects which are working towards the achievement of net-zero emissions.

The Scottish National Investment Bank is on track to become fully operational during 2020 following parliamentary approval in January 2020.

Commenting, Ms Constance said:

“Small businesses are the backbone of our community and the Scottish National Investment Bank has the potential to transform local economies as well as help us reach our world-leading climate targets. The bank will increase investment in local businesses and community projects that are looking to play their part in tackling the climate crisis and reach net-zero emissions.

ENDS 

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