Refreshed Regional Economic Strategy Vision Statement
Regional partners have refreshed the Regional Economic Strategy Vision Statement in order to support recovery of the economy and contribute to the delivery of the Scottish Government Economic Recovery Plan. The Scottish Government recently announced the £62million Energy Transition Fund to support businesses in the oil, gas and energy sectors over the next five years, with a focus on the North East. Projects to be considered under this inlcude an Energy Transition Zone, incorporating a people, skills and employability workstream, and the Global Underwater Hub. Partners continue to support other sectors where redundancies have been most significant such as Retail, Hospitality and Tourism and projects are being developed to build on our planned economic diversification around Seafood Transformation and Adventure Tourism. The Aberdeen City Socio-Economic Rescue Plan includes a range of skills and employability interventions including an Energy Transition Skills Academy, support for apprentices and to help young people into positive destinations as well as support for people facing redundancy across the City. Aberdeenshire Council have introduced a Business Resilience and Sustainability Scheme and are developing their Economic Development Service Plan to support a strong renewal of the economy.