£90m UK City Region Deal launched in Scotland

The UK government will invest more than £45m in the Stirling and Clackmannanshire UK City Region Deal.

This is to be matched by funding from the Scottish government, bringing the total to more than £90m.

This deal is said to drive economic growth across the region, and will create jobs and boost prosperity for future generations. It is expected to create thousands of jobs beyond the 15-year plan.

Innovation and research are at the heart of the Stirling and Clackmannanshire UK City Region Deal, while making the most of the area’s fantastic heritage. Projects will drive business startup and growth, help companies develop and export their world-class expertise, and help more local people get the skills they need to get into jobs.

Secretary of state for Scotland, David Mundell, said: “The UK government is investing £45m in the Stirling and Clackmannanshire City Region Deal.

“It is now for Stirling and Clackmannanshire to get on with the hard work needed to turn these proposals into a reality.”

UK City Regional Deals are a UK government initiative, delivered in Scotland in partnership with the Scottish government, local authorities and other partners.

All of Scotland’s seven cities either have, or are in negotiations for, a deal. And talks are underway on Borderlands and Ayrshire growth deals. Today’s announcement brings UK government investment in UK City Region Deals in Scotland to more than £1bn.

Mundell concluded: “This is just one part of a programme of UK City Region Deals across Scotland. Today’s announcement brings the UK government’s investment in UK City Region Deals in Scotland to more than £1bn.

“All of Scotland’s seven cities either have, or are in negotiation for, a deal. And talks are underway on the Borderlands and Ayrshire growth deals.

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