Private sector economic development body Opportunity North East (ONE) announced at its annual event last night that it will be enhancing its investment in the transition of the North East of Scotland from an oil capital to a global energy capital. It has also committed £14.2 million, for which it has secured £42 million of match funding, over the past 3 years as it drives growth in the region’s other key sectors: digital; food, drink & agriculture; life sciences; tourism, and stimulating the entrepreneurial environment.
Private sector leadership and delivery secures industry and partner backing for diversification
Opportunity North East (ONE) is three years old this month and is celebrating significant progress and success in bringing private sector leadership and fast paced delivery to economic diversification across the North East of Scotland.
ONE’s work has seen millions of pounds invested in business growth activity and transformational projects. ONE has engaged with more than 500 companies, its approved project funding of £13.8m has secured match funding of £30.6m, it secured £210m of City Region Deal capital funding for innovation hubs for oil and gas, life sciences and the food and drink sectors and is developing a tech hub for digital businesses, and has more than 15 active partnerships co-delivering economic development activity across Aberdeen and Aberdeenshire.