Edinburgh city deal investment confirmed

Written by Tom Freeman on 20 July 2017 in News

Details of Edinburgh city region deal to be revealed at a ceremony in the capital

Edinburgh fringe - credit edinburghblog

The UK Government will today confirm a £300m investment in the Edinburgh and South East Scotland city region deal, which has been matched by the Scottish Government.

The deal, announced in George Osborne's Spring budget last year, is designed to support innovation, infrastructure, housing, tourism and culture.

It is the fourth city deal project in Scotland after Glasgow, Inverness and Aberdeen.


RELATED CONTENT


Secretary of State for Scotland David Mundell said the funding would concentrate on Edinburgh's strengths, including the digital economy and universities.

"It will make a real difference to the lives of people in the region, creating jobs and prosperity and driving investment," he said.

“The Edinburgh deal brings UK Government investment in UK City Deals in Scotland so far to more than £1 billion, and demonstrates clearly the value to Scotland’s economy of being part of a strong United Kingdom.”

Scotland's Economy Secretary Keith Brown said the deal is expected to generate 21,000 new jobs across the Lothians, Fife and the Borders.

The Scottish Government will invest £25m in an employability scheme for the region, £140m on transport infrastructure and £65m on new housing, he said.

Culture investment will include a new concert hall in St Andrew's square, which will provide a home for the Scottish Chamber Orchestra.

“Taken together these projects will help the region continue to thrive and grow, fulfilling our ambitions for the region to be one of the fairest and most inclusive areas in the country,” said Brown.

Tags

Categories

Related Articles

Which? calls for regulator to protect access to cash as bank branches close
12 February 2019

The consumer affairs body said a combination of recent bank branch and cash machine closures risked leaving people in Scotland struggling to pay for goods and services

The High Road: The Highlands since devolution
17 April 2019

Separated from the seats of power by more than just mere geography, what has devolution done for the Highlands to close the gap?

Related Sponsored Articles

Associate feature: 5 ways IoT is transforming the public sector
5 February 2018

Vodafone explores some of the ways IoT is significantly improving public sector service delivery

Balancing security and digital transformation
24 October 2018

With the annual worldwide cost of cybercrime set to double from $3tn in 2015 to $6tn by 2021, BT offers advice on how chief information security officers can better...

Associate feature: Who keeps your organisation secure?
19 February 2018

BT's Amy Lemberger argues that having the right security in place to protect your organisation is no longer just an option. It is a necessity.

Share this page