Five Scottish regions to benefit from a share of a new £140 million UK Government Local Growth Fund.
Launched today [Thursday 8 January] by Scottish Secretary Douglas Alexander, the Local Growth Fund will help drive economic prosperity across Scotland.
The five regions' allocations from the programme over the next three years (26/27 - 28/29) are:
- Glasgow City: £60.9 million
- Edinburgh & South East: £37.8 million
- Tay Cities: £19.5 million
- Ayrshire: £11.8 million
- Forth Valley Region: £9.8 million
The programme will fund regional projects which will drive economic growth. That might mean projects like infrastructure investment, business support, or skills development - projects which will make a real difference in terms of skilled jobs and people's prosperity.
Secretary of State for Scotland Douglas Alexander said:
The UK Government is today backing regional economies across Scotland with £140 million of new investment.
This new investment will allow local leaders to decide how best to use the funding, which could include projects to improve infrastructure, business support or skills development. The UK Government will now work with local partners to develop investment plans tailored to each region.
By investing in local areas, reducing child poverty, and bringing down inflation, the UK Government is focused on delivering material change to people across the country - boosting living standards and improving public services.
