Scotland Office minister Andrew Dunlop has hailed a £50million initiative to secure the north-east’s future a “shining example” of public and private sectors working together.
The Tory peer praised the newly-launched Opportunity North East (One) project, backed by tycoon Sir Ian Wood.
It aims to keep the oil and gas flowing as long as possible, but build a post-oil future for the area by boosting other sectors as well.
Lord Dunlop also confirmed work was continuing on the City Region Deal.
He said: “Sir Ian Wood is showing wonderful leadership with his latest initiative in the north-east.
“Not for the first time, he is investing his time, energy and money into trying to improve the lives of the people in the Aberdeen area.
“One is a shining example of the way the public and private sectors should combine their efforts to improve the opportunities of people in a given area.
“It makes sense to diversify the north-east economy and look to a world beyond oil, while trying to prolong that sector for as long as possible.
“Government at a local, Scottish and UK level need to work with those in the private sector if we are to achieve the best results.”