As tidal energy in Scotland goes from strength to strength, another important milestone was reached this week with the launch go the MeyGen tidal farm in Scotland – the first ever multi-megawatt tidal farm.
Europe is currently the global technology leader in tidal energy, with many of the advancements taking place in Scottish waters, and is well positioned to dominate this emerging market domestically and abroad.
Scotland has provided £23m funding to the first phase of the MeyGen project. After completion of the entire project, the MeyGen project will feature 269 turbines and generate enough tidal energy to meet power requirement of 175,000 UK homes.
The Scottish government noted that the marine renewables projects from Atlantis and Sound of Islay projects can add £275m in revenue to Scotland’s economy.
Springfield Properties has won planning permission to build 1,700 homes across Scotland, and is also seeking permission to build a further 2,000 homes in a move that signals confidence in the long term prospects for the market.
The company’s chairman, and Business for Scotland board member, Sandy Adam said: “Conditions in the Scottish construction and housing sectors are good at present, with demand for high quality affordable family homes continuing to increase.”
Noting that the Scottish Government has budgeted to provide £3 billion over the next five years to help meet the need for social housing, it added: “At Springfield, we are actively procuring land and establishing relationships with various housing associations and councils to help address this need.”
Feature in The Herald.
Providing a multimillion-pound boost to the economy, the number of people in Scotland working for themselves is at the highest level since the economic crash.
With one in ten now self-employed, there are now nearly 300,000 entrepreneurs in Scotland.
The largest growth has been in IT and financial services, with success enjoyed by firms like the Edinburgh-based Fanduel fantasy sports business inspiring other entrepreneurs to go it alone.
And it is women who are leading the way, with three times as many women as men deciding to work for themselves since the 2008 financial collapse.
Politicians ruling out a second referendum on independence don’t have Scotland’s “best interests at heart”, Nicola Sturgeon addressed over 300 guests at the Business For Scotland’s annual dinner in Glasgow on Thursday (8th September).
She told the 300 guests that Brexit meant the “old arguments about the UK providing stability and security for Scotland” were now “dead in the water.”
“Never again can those who don’t support independence claim that it is we who are undermining jobs and investment,” she said.
“The uncertainty and the threat to jobs and investment are happening now under and because of the union.”