News

£5 million additional funding for Stirling and Clackmannanshire

Published: 31 May 2018 10:03
Part of:
Economy

City Region to receive £50.1 million in total from the Scottish Government.

Additional investment of £5 million will be made by the Scottish Government in the Stirling and Clackmannanshire City Region.

The extra funding, which is in addition to £45.1 million of investment in the deal, will mean the Scottish Government is investing £50.1million over the next 10 years to deliver the best outcomes for the city region, delivering transformative inclusive growth.

The extra investment will deliver a new Business Park at Kildean and will support the next stage of development of the proposed new infrastructure at Callander.

These projects, made possible by the additional investment of the Scottish Government, have the potential to deliver further growth through leverage of private sector investment of £275 million and delivering over 1,500 new jobs for the region. 

Announcing the additional funding package, Economy Secretary Keith Brown said: “I am delighted to have secured the agreement for a City Region Deal for Stirling and Clackmannanshire which will deliver over 5,000 new jobs and inclusive growth across the region.

“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 the region delivers its economic potential. Our additional £5 million of investment means our total contribution to the people of Stirling and Clackmannanshire is £50.1 million.

“Our investments in the City Region Deal and beyond will ensure this region which has played a key role in Scotland’s rich history, will be able to make a positive contribution to Scotland’s future prosperity.”