£330m of capital projects to proceed as planned

DEPUTY First Minister John Swinney has given the green light to around £330 million worth of capital investment projects in Scotland.

The news follows an ONS review of proposals developed by the Scottish Futures Trust (SFT).

The projects include ten new schools and two new health projects.

Mr Swinney said, “As I have advised Parliament on a number of occasions over the last year, in response to updated EU accounting guidelines the Scottish Futures Trust submitted proposals to the ONS aimed at ensuring that the balance of public and private sector control and risk and reward in Scotland’s hub funding model reflects the updated guidance.

“While that process has been underway, twelve projects in the pipeline have been unable to progress as planned. I have today advised Parliament that these projects can now proceed to financial close as soon as possible.

“From Elgin to Kelso, these twelve projects – worth around £330 million – will make an enormous difference in their communities, not just in the jobs that their construction will bring but in the health and education benefits they will provide to local people.”

The twelve project affected by this news are;

Lothian Health Centre bundle (NHS Lothian) – £25 million
Inverclyde Care Home (NHS Greater Glasgow and Clyde) – £8 million
Kelso High School (Borders Council) – £20 million
Newbattle High School (Midlothian Council) – £35 million
Baldragon Academy (Dundee City Council) – £25 million
Elgin High School (Moray Council) – £25 million
Dalbeattie Learning Campus (Dumfries and Galloway Council) – £25 million
Barrhead High School (East Renfrewshire Council) – £25 million
Our Lady & St Patrick’s High School (West Dunbartonshire Council) – £25 million
Ayr Academy (South Ayrshire Council) – £25 million
Campbeltown Grammar and Oban High School (Argyll and Bute Council) – £55 million
East Ayrshire Learning Campus (Kilmarnock Academy) (East Ayrshire Council) – £40 million