Delivering transformational investment for Scotland’s regions.
- City Region Deals and Regional Growth Deals act as enablers to unlock economic assets
- We will deliver City Region Deals for all our cities and have already committed investment of up to £1.275 billion over the next 10-20 years for City Region Deals across Scotland
- Building on the City Deals, we are committed to 100% coverage of Scotland in growth deals City Region and Regional Growth
City Region and Growth deals worth up to £1.378 billion over the next 10 to 20 years have been agreed for the Glasgow City Region, Aberdeen and Aberdeenshire, Inverness and Highland, and Edinburgh and South East Scotland. Heads of Terms have been reached for Stirling and Clackmannanshire, the Tay Cities Region and the Ayrshire Growth Deal. Signing of Heads of Terms for the Borderlands Growth Deal is imminent.
Each deal is tailored to the social and economic situation of its region, with projects such as the Oil and Gas Technology Centre in Aberdeen, the distributed learning of STEM subjects across Highland, and a focus on capitalising on data driven innovation in Edinburgh.
Deals galvanise key partners to come together to drive regional economies in ways that go well beyond the investments that they deliver, leveraging local and regional intelligence about how best to secure inclusive economic growth.
They act as a catalyst to support and enable a set of strong regional economic partnerships across Scotland that have a clear and active role for the private sector to help create and deliver a clear economic plan for the region.
That is why we are committed to delivering 100% coverage of deals across Scotland, with discussions underway for, Moray, Falkirk, Argyll & Bute and the Western Isles, Orkney and Shetland.
Growth Accelerator Schemes
City Region and Regional Growth Deals build on our strong foundations of finding new ways to unlock economic investment, including our Tax Increment Financing and Growth Accelerator approaches where we have already delivered two Growth Accelerator schemes: with the City of Edinburgh Council for the St James Quarter, unlocking around £1 billion of new development in the city centre; and with Dundee City Council involving £60 million of Scottish Government investment to support the wider £1 billion Waterfront Development that includes the iconic V&A Museum.