Budget 2018: City Regions
Tay Cities handed £150m as talks under way in Ayrshire
Deal is less than had been requested (pic: Terry Murden)
As expected the Chancellor announced £150 million for the Tay Cities Deal, falling short of the £200m package committed by the Scottish government.
There will be £120 million for a North Wales Growth Deal, £350 million for a Belfast City Region Deal and negotiations are under way on a number of other deals, including Ayrshire.
Tim Allan, President, Scottish Chambers of Commerce, said: “Scottish Chambers of Commerce Network has consistently campaigned for the Tay Cities Deal to be taken over the line and this joint commitment by both Governments will be applauded by businesses and local communities.
“We welcome the UK Government’s £150 million funding to the Tay Cities Deal, on top of the Scottish Government’s £200 million commitment, and we are in no doubt, that this will bring additional transformational change to the region and to Scotland.
“We now look ahead to engaging with both Governments as we seek further investment into Scotland’s local economies and we welcome the Chancellor’s specific announcement to continue negotiations on deals for Ayrshire and Borderlands.”