Economy Secretary Derek Mackay has unveiled the refreshed Invest in Scotland portfolio, which covers nine projects that are worth over £2bn to the country’s economy.
Among the projects contained in the prospectus is the Advanced Manufacturing Innovation District in Renfrewshire, which is contains a variety of “flexible investment opportunities”, including joint venture partnering and development finance. That project includes plans for a £65m National Manufacturing Institute for Scotland and contains £39m of City Deal funding to support enabling infrastructure.
Also looking for a joint venture partner is the Edinburgh BioQuarter initiative, which includes over £400m of planned development and is currently being developed through a partnership of Scottish Enterprise, University of Edinburgh, NHS Lothian and City of Edinburgh Council.
Meanwhile, the Perth West mixed-use development, which is expected to get underway in 2021, will require debt and/or equity investment and plans to create a joint venture partnership to deliver a £50m Scottish Eco Innovation Business Park.
“The Scottish government has developed a highly-competitive package to encourage and de-risk investment, including rental guarantees, business rate exemptions, funding schemes and planning reforms,” Mackay said as he launched the portfolio at the MIPIM UK property conference.
Scotland unveils investment opportunities
The Scottish government has published an updated prospectus of potential investment opportunities, including a number seeking joint venture partners.
