More than half Scotland’s oil and gas companies will have diversified into renewables within five years, according to an investment report that predicts a jobs bonanza
Lloyds Bank Corporate Markets say 26 per cent of firms have already moved into the sector. Over the next five years this is expected to rise to 55 pert cent. Within a generation three-quarters of companies expect to earn income from renewables.
The report shows a buoyant sector: 87 per cent of firms expect significant growth, three-quarters expect to recruit new staff, and a third of the bigger companies expect to generate more than 1000 new jobs over the next two years.