The Islands Bond, which is part of the Scottish Government's National Islands Plan, aims to tackle depopulation, which has been a longstanding problem for many Scottish island communities.
Reports have it that the new scheme is currently under consultation phase, in which people from nine island regions, interested parties from across the country and farther, have been invited to fill out the online survey, which will remain accessible until the afternoon of October 24.
Reports suggest if this turns out to be successful, the Islands Bond plan would start in 2022.
Referring to this, Islands Secretary Mairi Gougeon said, “Each of our islands are unique and this consultation will help us understand some of the population challenges across our islands and make sure that we can properly address them."