Scottish Enterprise welcomes £5m Decommissioning Challenge Fund

Welcoming the fund, managing director of growth companies, innovation and infrastructure at Scottish Enterprise, Adrian Gillespie, said: “While the focus should remain on maximising recovery, Scotland has the ambition and potential to position itself at the forefront of the global decommissioning industry, using our decades of oil and gas expertise. We’re already seeing Scottish companies winning business in this market and the new challenge fund will help to unlock even more opportunities for Scotland’s supply chain.

“Through our Decommissioning Action Plan, published in December, we are focussed on supporting Scotland’s supply chain to maximise opportunities in this growing sector.  With around £17.6 billion estimated to be spent on decommissioning on the UK Continental Shelf alone, our focus is around supporting innovation, promoting our capability, helping develop new technologies as well as ensuring the right infrastructure is in place for Scotland to fully capitalise on this significant opportunity.  Working in partnership with other public sector agencies as well as industry bodies will be key to driving this opportunity forward.”