ScottishPower, SSE, Scottish Water and Openreach have set out plans for a £46bn infrastructure investment programme across Scotland between 2025 and 2030.
The companies said the programme will support local jobs and skills, strengthen the Scottish supply chain, engage communities and protect the environment.
The investment will focus on energy, water and digital infrastructure and aims to help create more resilient communities across the country.
The firms set out their plans in a joint Statement of Ambition covering the next five years.
They added that the investment programme is expected to pump billions of pounds into the supply chain and support tens of thousands of jobs across Scotland.
Charles Langan, chief financial officer at ScottishPower, said the programme represents one of the largest direct investment plans in Scotland’s history.
“Collectively we are delivering one of the largest-ever concentrated direct investment programmes in Scotland’s history – testament to all our ambitions for this country,” he said.
“What lies before us is a one-in-a-lifetime opportunity to not just deliver the modern utilities we need but increase Scotland’s highly skilled workforce and supply chains, building a legacy that ensures the country prospers and thrives.”
Rhian Kelly, chief sustainability officer at SSE, said the initiative demonstrates the company’s commitment to investing in Scotland’s future.
“SSE is proud to be part of this Statement of Ambition, demonstrating our commitment to investing in Scotland’s future: good jobs, strong local supply chains and modern infrastructure fit for a clean power economy.”
“SSE is committed to delivering that now and into the future through significant long-term investment which supports communities and growth for decades to come.”
Alex Plant, chief executive of Scottish Water, said the companies should work together to maximise the benefits of the investment.
“The circa £46 billion pound combined investment across infrastructure sectors is probably the biggest investment programme in Scotland for decades.”
“If we can work together, and with our colleagues in local and central government, we can make the most of this once in a generation opportunity and support a flourishing Scotland.”
Katie Milligan, deputy chief executive at Openreach, said the programme presents a major opportunity for communities across the country.
“This collective investment is a huge opportunity for Scotland.”
“It means more resilient communities, better access to skills and jobs, and a stronger Scottish supply chain.”