Question reference: S6W-25267
- Asked by: Douglas Lumsden, MSP for North East Scotland, Scottish Conservative and Unionist Party
- Date lodged: 6 February 2024
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Current status: Answered by Mairi McAllan on 5 March 2024
Question
To ask the Scottish Government whether it will provide a breakdown of spend from the Just Transition Fund in financial year 2023-24.
Answer
A total of 20 projects are currently being delivered through the Just Transition Fund in 2023-24.
Spend is still ongoing to March end 2024 with just under £12 million drawn down by projects to date. This is comprised of £10.3 million in capital, £1 million in financial transactions and £671,000 in resource.
A further £3.15 million of 2023-24 forecast spend has been reprofiled into 2024-25 financial year.
In addition, £25 million was allocated to the Scottish National Investment Bank for 2023-24, to be invested in the North East on a commercial basis, in line with the Bank’s Investment Strategy and its Missions, including to support a Just Transition to net zero.