Current status: Answered by Alasdair Allan on 19 December 2024
To ask the Scottish Government what solutions it is exploring to scale up the private finance needed for the clean heat transition.
The Scottish Government has allocated £1.3 billion through its Heat in Building Programmes in this Parliamentary Session, investment it is committed to continuing in 2025-26 with over £300 million capital funding allocated in the draft budget. However, the Scottish Government cannot finance the transition alone and established the independent Green Heat Finance Taskforce with a remit to explore how to attract greater private finance to support the clean heat transition.
The Scottish Government is engaging with lenders and the wider finance sector as it considers the Taskforce’s Part 1 report and, following its Part 2 report, will formally respond identifying which recommendations across both Taskforce reports will be prioritised and how we will take forward action in partnership with others.