Economic Impact Assessment
Only the Scottish Cluster can provide the infrastructure and scaleof ambition to transport carbon to offshore stores, making it possible to decarbonise all of Scotland’s industry.
At the same time, it will open doors to build new industries, develop new technologies, create manufacturing opportunities, accelerate the hydrogen economy and export skills internationally, all attracting inward investment and providing sustainable jobs.
The Scottish Cluster is expected to make a £17.7 billion contribution to UK economic output up to 2050 (when measured as Gross Value Added or GVA).
The Scottish Cluster is expected to make a £17.7 billion contribution to UK economic output up to 2050 (when measured as Gross Value Added or GVA).
- An average of 10,800 jobs in the UK economy during the development and construction period (of which 4,700 will be in Scotland).
- An additional 4,700 operational jobs (with 2,300 expected in Scotland).
- This investment could safeguard 18,800 jobs that would otherwise be lost across the UK, including 12,100 across Scotland.