Scottish govt targets crowding in private finance

A “key focus” for the Scottish government over the next 12 months is to work on attracting private investment into major infrastructure projects, First Minister Humza Yousaf has said.

Scotland Programme for Government 2023-24

In the latest Programme for Government 2023-24, Yousaf said the government will work with the public and private sectors to deliver on agreed recommendations from its Net Zero Investor Panel, including on “how we attract private investment for large scale infrastructure projects and use public spending more effectively to crowd in private capital”.

He added: “My government will use every lever at its disposal to deliver a wellbeing economy that is fair, green and growing.”

Meanwhile, Yousaf told the Scottish Parliament that the government has relaunched the procurement for the Tomatin to Moy section of the A9 dualling programme, after that scheme failed to attract sufficient bidders earlier this year. 

That failure led Scottish Transport Minister Jenny Gilruth to announce that Transport Scotland was “urgently considering a range of different options” for the remaining packages of the A9 programme, which includes a package anticipated to be delivered through a PPP model.

Investors remain confident that the package will come to market, either later this year or early in 2024.