Scotland’s Global Investment Summit secures over £10bn for green energy drive

Scotland's Global Investment Summit secures over £10bn for green energy drive

(Credit: Watt Media)

Scotland’s Global Investment Summit has been hailed as a huge success, with at least £10 billion of new spending unveiled alongside plans to turbocharge green energy finance.

The event, organised by Scottish Financial Enterprise (SFE) and the City of London Corporation, brought together investors, business leaders, politicians and regulators in a bid to unlock further investment in Scotland’s economy.

During the summit, SFE also confirmed it will partner with ETZ Ltd, the not-for-profit and private sector led company spearheading north-east Scotland’s energy transition, to jointly host a new showcase focussed on accelerating the financing of low carbon energy solutions.



The talks will be held in Aberdeen in the new year, bringing the financial services and energy sectors together in a focused forum to identify investment opportunities.

The north-east has an unrivalled pipeline of energy transition projects on its doorstep, being home to the headquarters of the world’s first commercial scale floating wind project, Green Volt, as well as Europe’s largest green hydrogen project, Kintore Hydrogen, and Scotland’s only carbon capture and storage cluster, the Acorn Project.

Sandy Begbie CBE, chief executive of Scottish Financial Enterprise, said: “This Global Investment Summit brought more than 100 of the world’s biggest investors to Scotland and we were delighted to be able to announce as much as £10billion of investment during the event.

“But we will not rest on our laurels and Scottish Financial Enterprise is determined to use the success of this event as a springboard to deliver still more investment into Scotland.

“That is why I will shortly be leading a delegation of investors to the north-east of Scotland so they can explore in more detail some of the hugely exciting opportunities that exist there in clean and green energy.

“By encouraging more investment in Scotland, we can support innovation in our key sectors and deliver more high-wage, high-skill jobs for people across the country.”

More than 100 international investors attended Scotland’s Global Investment Summit, which took place this week at the NatWest campus at Gogarburn.

They were joined by senior figures from both the UK and Scottish governments, including Chief Secretary to the Prime Minister, Darren Jones, and the First Minister, John Swinney. The Governor of the Bank of England, Andrew Bailey, and the Chief Executive of the Financial Conduct Authority, Nikhil Rathi, also attended.

The summit kicked off on Monday with the announcement that Scottish Power would be investing £10billion in a major rewiring of Scotland’s electricity grid.

Maggie McGinlay, chief executive of ETZ Ltd, one of more than 30 energy companies from the north-east attending Scotland’s Global Investment Summit, said: “The Global Investment Summit has been an astounding success bringing into sharp focus both the scale of opportunity in energy transition and the means by which it can be financed.

“ETZ Ltd is delighted to partner with Scottish Financial Enterprise and look forward to showcasing the vast opportunities for investment in offshore wind, green hydrogen, carbon capture and decommissioning that exist across north and north-east Scotland, along with our internationally recognised supply chain companies.”

The Lord Mayor of London, Alastair King, said: “As Lord Mayor of London and a proud Aberdonian, I have been honoured to see the City of London Corporation standing shoulder-to-shoulder with Scotland to unlock new opportunities for growth. 

“This summit has not just been about investment, it has been about partnership, purpose, and possibility. Scotland’s strengths in fintech, green finance, and innovation are world-class, and we were here to ensure global investors were able to see that first-hand.

“Through initiatives like the Mansion House Accord and our renewed Partnership Agreement, we are mobilising capital and collaboration to support Scotland’s thriving financial ecosystem. With senior leaders from government, finance, and international investment institutions having joined us, this summit sent a clear message: Scotland is open for business, and the City of London is committed to helping it flourish. 

“Together, we are building a more resilient, inclusive, and forward-looking economy for the whole of the UK.”

Join Scotland's business professionals in receiving our FREE daily email newsletter
Share icon
Share this article: