We will agree the Islands Deal with both UK and Scottish Governments, with Shetland’s projects reaching full business case stage and significant investment flowing in from both Governments
The three Islands Councils, together with UK and Scottish Governments, signed the Islands Growth Deal Heads of Terms in March 2021 and then Full Deal in January 2023. The investment package of £100m between the two Governments is split equally across the three Islands Council areas. Work has progressed on business cases for each of Shetland’s funded projects, with the aim of first funding to start to flow into projects in the near future.
Shetland’s share of the Islands Growth Deal funding is £33m and supports major projects in the mussel industry and energy, as well as elements of the Council’s Knab Redevelopment Project, Lerwick Port Authority’s Dales Voe Ultra Deep Water project and tertiary education campus and curriculum development, all with the aim of creating new jobs and contributing to Shetland’s longer-term sustainability.
