Heating and Ventilating

An extra £100 million funding for renewable energy in Scotland has been pledged by Chancellor George Osborne.
The money is on top of the existing budget and spending of the Scottish Government.

It is understood that an agreement reached between the UK and Scottish governments will enable the Scots to access and spend half of the Scottish Fossil Fuel Levy fund, which currently holds around £200m. The remaining £100m will be made available to support the capitalisation of the £3 billion UK-wide Green Investment Bank.

Mr Osborne said: 'It's great news that we have been able to cut through the arguments and the wrangling with the Scottish Government that have stopped this money being invested in the past. It shows how serious the UK Government is in its support for Scotland's green future.'

Chief Secretary to the Treasury Danny Alexander added: 'Scotland is a world player in renewable energy... It has huge potential for creating jobs and driving growth over the next few years.'