The stimulus package was announced on 10^th August 2016 by Scottish First Minister Nicola Sturgeon, who promised £100m of funding for health and infrastructure projects.

It was also announced that the government would create a dedicated information and support service devoted to assisting businesses affected by EU referendum.

Mrs Sturgeon said: “Our Infrastructure Investment Plan is already delivering major infrastructure improvements, with projects worth almost £6bn currently under construction – we will now inject a further £100m of spending this year to accelerate planned projects.”

Mrs Sturgeon went on to encourage more UK-wide support: “…It is important that the UK government also acts and I am calling today for urgent action on two fronts – firstly, early assurance about EU Structural Funds and second, a UK-wide stimulus package which, through consequential funding, would enable the Scottish government to do more to accelerate capital spending."

Nicola Barclay, chief executive of Homes for Scotland, welcomed the announcement, but called for more to be done.

“This £100m funding boost is welcomed as a means to support and stimulate the economy in what are uncertain times for many industries, including the home-building sector.

“With projects being assessed for accelerated funding based on key criteria, such as the number of jobs that will be supported or created and the likely impact on the supply chain, those focused on the delivery of more new homes should be prioritised given the significant social and economic benefits this offers.

“Every new home built in Scotland supports four jobs and helps boost economic growth through the supply chain. The industry also contributes to improving health and education outcomes and fighting fuel poverty.

“We would therefore urge the Scottish government to prioritise housing when considering how these funds will be allocated in order to secure the thriving economic future we all want to see.”