£500 Million Just Transition Fund: Investing in the North East

The North East and Moray have been central to Scotland’s energy economy for generations, particularly through oil and gas. As we continue the transition to net zero, it is important that this change supports jobs, communities, and long-term economic renewal.

The Scottish Government’s £500 million Just Transition Fund (2022–2032) sets out a ten-year commitment to support economic diversification, create green jobs, and ensure that the transition delivers for workers and communities.

The fund is focused on areas most impacted by the energy transition, including Aberdeen, Aberdeenshire, and Moray, and supports investment in renewable energy, low-carbon innovation, skills development, and community-led projects.

Since its launch, the fund has already supported local businesses, helped safeguard and create jobs, and provided training opportunities, contributing to a more diverse and resilient regional economy.

Supported projects have included energy efficiency upgrades, sustainable transport initiatives, and investment in community green infrastructure.

The SNP Government has been clear that the transition to net zero must be fair and properly managed. The Just Transition Fund helps ensure that the North East and Moray remain at the heart of Scotland’s energy future while supporting the growth of new industries.