12 week long public consultation on £5m Islands Bond announced

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A NEW 12 week consultation seeking the views of people from across Scotland has been announced after a new Islands Bond proposal.

The bond aims to tackle population decline across the Scottish islands and people will be offered up to £50,000 to encourage people to stay or move to the islands.

The bond will be a £5 million fund across the lifetime of the parliament with the consultation will run from 2 August 2021 until 24 October 2021.

Isle of of Skye - Scotland News
(Photo by Daniel Tonks on Unsplash)Capital funding will be made available to young people and families to stay in or move to islands currently threatened by depopulation

The proposed outline of the Islands Bond will include capital funding being made available to young people and families to stay in or move to islands currently threatened by depopulation

Bonds issued will support people to buy, build or renovate homes, start businesses and otherwise make their lives for the long-term in island communities

Islands Secretary Mairi Gougeon said: “The Islands Bond will help us to deliver on some of the commitments from the National Islands Plan.

It’s a way for us to address some of the key financial barriers for people who want to live on our islands.

“Each of our islands are unique and this consultation will help us understand some of the population challenges across our islands and make sure that we can properly address them.

“It will also provide information to enable us to set up a relocation support or advisory service and make the move for people as smooth as possible.

“I’d encourage people across Scotland, especially those on our islands, to provide a response to this consultation and make sure their voices are heard to help shape the Bond.

“As well as delivering this consultation, we’ll continue to engage with local authorities, island communities and other relevant stakeholders as we develop the bond.”