Positive
Project advancing - milestone achieved
High Impact
Major milestone or critical setback
The European Investment Bank agreed to provide GBP 500 million in long‑term financing to support the Caithness‑Moray transmission reinforcement. The loan was intended to help fund the principal sub‑project — a 1,200 MW subsea HVDC cable between Spittal and Blackhillock — and associated onshore works, supporting construction activity and jobs during delivery.