Regional Growth Deals
Regional Growth Deals, like the City Region Deals, are agreements between the Scottish Government, the UK Government and local government designed to bring about long-term strategic approaches to improving regional economies. Growth deals are delivered by regional partnerships led by authorities working with the private sector, education and skills providers, and our enterprise and skills agencies. The aim of these collaborations is to drive inclusive and sustainable economic growth.
We have now delivered on our commitment to achieve 100% coverage of Scotland with a growth deal, with every region having a commitment to an agreed level of investment.
Ayrshire Growth Deal
We signed the Ayrshire Growth Deal in March 2019 with a commitment of £103 million investment to deliver inclusive growth across Ayrshire. The UK Government will also be investing £103 million into the region and regional partners will contribute £45.5 million to a total Deal worth £251.5 million.
Regional partners estimate the deal will create 7,000 new jobs and unlock an additional £300 million investment from the private sector.
Our investment includes £40 million allocated for innovative projects around engineering, manufacturing and digital automation, £30 million for an Aerospace and Space Programme, £18.5 million for tourism and regeneration and £14.5 million for regional projects around skills, community wealth building and digital infrastructure.
Borderlands Inclusive Growth Deal
The Borderlands Partnership involves five local authorities: Dumfries and Galloway, Scottish Borders, Carlisle City, Cumbria and Northumberland working together to promote inclusive economic growth in the South of Scotland and North of England.
The Borderlands partners have identified priority themes that they consider will transform the region as a whole. The priority themes are: digital, energy, place, destination, mountain biking, business infrastructure, knowledge exchange, land and marine, transport.
We have committed up to £85 million, over a 10 year period, to support the Borderlands Inclusive Growth Deal. The UK Government will invest up to £65 million in the Scottish elements of the deal, and up to £195 million in the English components. This brings the total value of potential deal investment, in the wider region, to £345 million.
We signed the deal heads of terms agreement with the UK Government and Borderlands partners in July 2019. This agreement sets out the specific projects and activities to be funded.
Find out more about the Borderlands Inclusive Growth Deal
Moray Growth Deal
In July 2019 the Scottish and UK Governments each committed to an investment of £32.5 million in the Moray Growth Deal, a 10 to 15 year plan designed to boost inclusive economic growth across Moray. Moray Council and partners continued to refine their proposals with feedback from Scottish Government ahead of signing the deal heads of terms agreement with the UK Government and Moray Council on 24 August 2020. This agreement sets out the specific projects and activities to be funded.
The investments we are making are significant and strategic. £12.7 million will boost the region’s appeal as a leading tourist and cultural destination; £4 million will provide more efficient and accessible green bus services tailored to rural needs; £2 million will help develop a centre for manufacturing and innovation; £5 million will create a minimum of 360 affordable homes and plots; £3.5 million will enable 3-8 year olds and their parents to take part in STEM learning; and £5.3 million will create a Business and Enterprise Hub as part of Moray College UHI.
Moray partners believe that over the next 10 to 15 years these interventions will unlock private investment worth in excess of £200 million and deliver over 450 new jobs across a wide range of sectors.
Find out more about the Moray Growth Deal on the Moray Council website
Argyll and Bute Growth Deal
In October 2019 the Scottish and UK Governments each committed investment of up to £25 million in the Argyll and Bute Growth Deal.
This investment will support a range of projects designed to drive inclusive economic growth throughout Argyll and Bute. We will continue to work with our partners in Argyll and Bute to help them develop and refine those projects that they think will have the transformative effect on the local economy that we all want to see.
We look forward to being able to announce a heads of terms agreement as soon as possible, which will specify which projects will be supported by this joint investment.
Falkirk Growth Deal
We announced a £40 million investment over ten years in the Falkirk Growth Deal in July 2020. In addition to Growth Deal investment, we have decided to invest an additional £10 million in Falkirk for green recovery projects, bringing total investment to £50 million. The Falkirk Growth Deal will seek to develop Falkirk’s ambitions for inclusive economic growth, including the opportunities unlocked from Grangemouth’s national significance as Scotland’s largest industrial site. We will continue to work with Falkirk, to agree Heads of Terms, setting out the specific projects to be funded by the deal, which will help to unlock investment and drive inclusive growth across the area.
Islands Growth Deal
In July 2020 the Scottish Government announced a £50m investment in the Islands Growth Deal over a 10 year period, which will unlock investment and drive inclusive and sustainable growth across Orkney, Shetland and the Outer Hebrides. The investment will support islanders’ ambitions to create world-class visitor destinations, lead the way to a low carbon future, support growth and future industries and help the communities thrive by attracting and retaining young talent and delivering long lasting benefits for people living in Orkney, Shetland and the Outer Hebrides. We will continue to work with Island partners to agree Heads of Terms, which will set out the specific projects and activities to be funded through the Deal, as soon as is practicable.
The Falkirk Growth Deal and the Islands Growth Deal were the final regional growth deals to be announced and mark our commitment to invest across all of Scotland.