MORE than £10 billion of public and private investment is due to be delivered to the North East of Scotland before 2030, according to new figures.

The fourth Investment Tracker from Aberdeen and Grampian Chamber of Commerce, produced in partnership with EY, shows committed future investment in the region has risen by £1.7bn over the past 12 months.

This comes on top of £800 million worth of projects being completed since last year’s tracker was published – including Aberdeen Art Gallery, the Music Hall, Banchory Sports Village and the region’s new world-class events complex P&J Live.

Much of the investment in the document is scheduled for the next three years and includes projects involving transport and infrastructure, office and retail and leisure and culture, as well as health, sport and education.

Significant funding announcements included in the investment pipeline include £77m for digital connectivity, £350m for Aberdeen South Harbour, £500m for Kincardine Offshore Wind Farm, £150m for Blackdog Town Centre and Regional Food Hall, £74m for Peterhead Community Campus, £58m for Bio-Therapeutic and Food Innovation Hubs and £475m for Acorn CCS and hydrogen projects.

Chamber chief executive Russell Borthwick said: “The tracker tells a story of great progress for our regional economy with £2.5bn of infrastructure projects delivered since 2017 and more to come.

“The pace of change is breathtaking and a lot has happened in the last year with the highlight being the full opening of Europe’s largest new road scheme, the Aberdeen Western Peripheral Route.”

Derek Leith, EY global oil and gas tax lead, added: “While the region was recovering from one of the worst downturns in the oil and gas sector, innovation and local leadership stepped up. As a result we are at an exciting time with many innovation projects that will see Aberdeen become a centre of excellence in food, life sciences, and, of course, reassert our position as a world leader in the energy sector.

“This is a story of the local business community and local leaders coming together to be greater than the sum of its parts.”