This Fund is part of the Scottish Government’s continued commitment to a just transition in the region. To date £75m has been allocated through the JTF, comprised of: • A £50 million capital grant programme supporting 24 projects, including £1 million per annum ringfenced specifically for community projects through the Just Transition Participatory Budgeting (PB) empowering communities and enabling them to have a direct say on where money is spent in their local areas. • £25 million 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. nd As per my correspondence on 2 May, £8.5 million will be invested in a new open bidding round for the JTF in 2025-26.