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Scottish Government pledges £200 million investment.
Infrastructure Secretary, Michael Matheson, is challenging the UK Government to match his funding commitment for the Tay Cities Region Deal.
The Scottish Government is prepared to invest £200 million to deliver inclusive economic growth across the region, through skills, tourism and innovation.
Over the next 10-15 years, the funding will secure significant numbers of both high value and entry-level jobs by supporting projects across the themes of skills, tourism, transport and innovation.
Announcing the commitment ahead of the UK Government Budget next week, Mr Matheson said:
“Scotland’s cities and their regions are the engines of our economy. That is why I can confirm that the Scottish Government has agreed to invest £200 million in the Tay Cities Region, to deliver significant long-term economic benefits.
“A Tay Cities Region Deal of this scale has the power to build on the area’s significant strengths and expertise. I expect City Region Deals to be funded on a 50:50 basis and I call on the UK Government to match our commitment and make this a £400 million deal.
“The Tay Cities Region includes Dundee, Perth, Angus and the north of Fife. This investment will help the region continue to thrive and grow, fulfilling our ambitions for the region to be one of the most economically and culturally vibrant areas in the country and delivering benefits to the whole of Scotland.”
The Scottish Government will match the UK Government level of investment should they subsequently announce a figure above £200 million.