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http://www.bbc.co.uk/news/uk-scotland-39042666

A new TV channel for the BBC in Scotland will begin broadcasting in autumn 2018, director-general Tony Hall has announced.
The channel will have a budget of £30m, equivalent to the amount spent on BBC4.
The plans for the channel include a Scottish news hour at 9pm which will broadcast stories from Scotland, the UK and the world.
The director-general also announced an increase of about £20m a year for Scotland to make UK-wide programmes.
He said this would be focused on drama and factual programming.
The key points of the new channel - which will be called BBC Scotland - are:
A "prominent" slot on the Electronic Programme Guide (the exact slot will be subject to discussions with providers such a Freeview, Sky and Virgin)
Available in iPlayer in HD in Scotland and across UK
Broadcast from 7pm to midnight every evening
A £30m budget for the new channel - £19m new money and £11m from current BBC2 opts
Integrated hour-long news programme at 9pm, edited and presented from Scotland
80 new posts for journalists
Lord Hall described it as the biggest single investment in broadcast content in Scotland for more than 20 years.
Scotland should receive about £40m in new funding annually - £19m for the new channel and digital developments, and £20m for making network programmes.
It is hoped that spending on network programmes made in Scotland for a UK-wide BBC audience will rise from about £65m this year to closer to £90m over the next three years.

A pretty big investment all-in-all, although looking deeper into it, I wonder whether the BBC is moving opt-outs for Scotland from BBC One/Two on to this separate channel? The article certainly says so for BBC Two.