Edinburgh-based tax specialist Jumpstart has urged firms in Scotland to seize the opportunities arising from decommissioning in the North Sea.

Jumpstart renewed its appeal following the announcement last week by Scotland’s First Minister Nicola Sturgeon of a new £5 million Decommissioning Challenge Fund aimed at opening up opportunities for firms in the supply chain.

It will support engineering scoping work, infrastructure upgrades and innovation in salvage and transport methods at ports and harbours. It was unveiled on the day Shell published proposals for decommissioning the Brent field.

Ian Donaldson, Jumpstart’s client engagement manager in Aberdeen, said: “This new money reinforces what we have been saying – that there is significant potential for innovation and improved efficiencies in the decommissioning market.

Article originally published on Scottish Financial News

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