Construction
Summary
Last month the Scottish government revealed its draft Scottish budget for 2024/25, which will have significant impacts on the Scottish construction industry.
Central features of the budget include investments in social security, health and social care with an income tax shake-up introducing a new tax band for the highest earners. There are, however, several announcements of particular relevance and importance to the construction sector:
Clean heating systems: £358m is to be invested in the installation of clean heating systems, to make homes more energy efficient, tackle emissions and support the creation of jobs. There is to be further investment in renewable district heating networks, with 90% renewables district heating relief to be extended until 31st March 2027 and expanded to include not only new networks, but all district heating networks where at least 80% of the thermal energy generated derives from renewables.
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