Transition Finance Scotland (TFS), in partnership with the Green Finance Institute (GFI), will mobilise private capital into priority decarbonisation sectors in Scotland.

The partnership has already brought together 40 of Scotland’s most respected organisations across financial services, project developers and the public sector, to help facilitate a massive expansion of investment in net zero initiatives.

TFS will be formally launched in Edinburgh on June 19 and is chaired by Graeme Jones, the former chief executive of Scottish Financial Enterprise.

The creation of TFS has been driven forward on a pro bono basis by Edinburgh-headquartered management consultancy Alba Partners, together with Pinsent Masons.

Graeme Jones, chair of TFS, said: “Transition Finance Scotland brings together two of Scotland’s most valuable sectors - energy and finance – to help deliver significant new investment in net zero projects.

“The scale of the challenge is significant, but so is the opportunity – not only to help accelerate the energy transition, but also to create jobs and economic growth across Scotland.

“We are hugely grateful to have the support of the Green Finance Institute as we get underway.”

Green Finance Institute chief executive, Dr Rhian-Mari Thomas OBE, said: “The GFI is a now a global business and we are keen to work in geographies where we can make an impact.

“Scotland is uniquely positioned as a key player in the transition, with world class financial services alongside legacy energy infrastructure and renewables.

“We look forward to deploying our expertise and approach, partnering with key Scottish and global investors to unlock private capital at scale.”