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SNP-GREEN Scottish government cuts to its just transition fund put its sustainability in question, a group of MSPs have warned.
The fund aims to support a move in Moray and the north-east of Scotland away from its economic reliance on the oil and gas sector and into new greener industries, and was planned to be worth £500 million within 10 years.
But Holyrood’s economy & fair work committee has asked for clarity about the future sustainability of the fund after initial investments of £20m in its first year and £50m in its second were followed by just £12m in this year’s Scottish government budget: a 75 per cent cut.
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