£95 million boost for central Scotland

Posted on 09 Jul 2018 and read 610 times
£95 million boost for central Scotland£95 million city deal for the central Scotland area has been signed by the UK Government, the Scottish Government and Stirling and Clackmannanshire councils.

The deal will seek to develop the region’s infrastructure and economy, with a view to attracting private-sector investment and creating more than 5,000 jobs over the 15 years of the plan.

It was originally announced that the two governments would each invest £45.1 million, but the Scottish Government has committed another £5 million.

Scottish Secretary David Mundell said: “This announcement brings the UK Government’s investment in UK city region deals in Scotland to more than £1 billion.

“All of Scotland’s seven cities either have a deal or are in negotiation for one. Talks are also under way on the Borderlands and Ayrshire growth deals.

“The UK Government is working hard to boost economic growth right across the country, and we want to work with the Scottish government to ensure the sustainability and prosperity of Scotland’s economy.”

Keith Brown, Cabinet Secretary for the economy said: “The Scottish government has been fully committed to this deal throughout, and I have been clear about the importance of this region to Scotland.

“That is why we are prepared to invest at the level we expected, to ensure that the region delivers its economic potential.

"Our additional £5 million of investment means that our total contribution to the people of Stirling and Clackmannanshire is £50.1 million.”

Plans for the area include a new international environment centre that will aim to draw academic expertise from across Scotland, the UK and the world.

There will also be a new aquaculture innovation hub — unique in the UK — with four aquatic research facilities to provide the full range of marine environmental conditions.

A digital district is planned for Stirling, with a programme of investment in digital skills, training and business development, alongside the creation of digital hubs in Callander and Alloa.

The extra £5 million will be used to create a new business park at Kildean and to support the next stage of proposed new infrastructure in Callander.

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