New rules on public procurement in Scotland will take effect in April 2016. Public bodies (“contracting authorities”) and those who tender for public contracts should be getting up to speed with the changes now.
In June 2015, the Department for Energy and Climate Change advised that the subsidies for onshore wind will end on 1 April 2016 - a year earlier than originally anticipated. This change will be brought through the Energy Act 2016 (which at the time of writing is titled the Energy Bill and has just been through the First Reading in the Supreme Court).
Over the past year our renewable energy team at bto has seen an upsurge in the number of our clients seeking advice on hydro developments across Scotland. The advice being sought ranges from property aspects to construction aspects and constitutional advice. By way of a general update, the following themes have emerged and are worthy of consideration:
The UK Government recently set up what is being described as the world’s first investment bank solely focused on green finance. It was set up under the Companies Act – UK Green Investment Bank PLC as a public company limited by shares and has its registered office in Edinburgh.
The Land and Buildings Transaction Tax Act was passed on 25 June 2013, introducing the first purely Scottish tax in more than 300 years (from 1 April 2015). Partner David Gibson asks: Is it a trailblazer for things to come?