£95.2m city region deal for Stirling and Clackmannanshire.

Stirling
Author: Clyde NewsPublished 31st May 2018

More than £95 million is to be invested in Stirling and Clackmannanshire through a city region deal to drive economic growth across the area.

Working in partnership with Stirling and Clackmannanshire councils, the Scottish and UK governments are each investing £45.1 million with regional partners, including the private sector.

The Scottish Government has also announced a further #5 million of investment.

Plans for the area include the creation of an International Environment Centre, an Aquaculture Innovation Hub which will operate four aquatic research facilities, and new and improved travel routes.

The Scottish Tartan Centre, a new attraction for visitors to Stirling, will celebrate the history of the fabric.

The Scottish Government's additional investment will fund a new business park at Kildean, and support the next stage of development of the proposed new infrastructure at Callander.

The deal aims to unlock economic opportunities in the region, delivering new jobs across a range of sectors.

Economy Secretary Keith Brown said: "Scotland's cities and regional communities are the engines of our economy. Today's Stirling and Clackmannanshire city region deal demonstrates our clear and strong commitment to supporting and growing the regional economy.

"This deal has the power to build on the area's socio-economic strengths and expertise, developing them to transfer the economy, bringing sustained economic growth and positive social impact to all of its communities.''

On the additional funding, he said: "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.''

Scottish Secretary David Mundell said: "The ambitious and innovative deal will drive economic growth across the region, creating jobs and boosting prosperity for generations to come.

"It is now for Stirling and Clackmannanshire to get on with the hard work needed to turn these proposals into a reality.

"This is just one part of a programme of UK city region deals across Scotland. Today's announcement brings the UK Government's investment in UK city region deals in Scotland to more than #1 billion.

"All of Scotland's seven cities either have, or are in negotiation for, a deal. And talks are also under way on the Borderlands and Ayrshire growth deals.

"The UK Government is working hard to boost economic growth right across the UK. We want to work with the Scottish Government where we can to ensure the sustainability and prosperity of Scotland's economy.''

Stirling Council leader Scott Farmer said: "This deal will help Stirling Council write the first page of a fresh new chapter in this area's ancient, famous and storied history.''

Clackmannanshire Council leader Ellen Forson said: "I believe that the joint city deal bid provides a unique opportunity to promote shared and sustainable growth in our region over the next 10 years and beyond, building on Clackmannanshire's strengths whilst helping to change the lives of our disadvantaged and excluded residents.'