Thursday September 10th 2015
The £1bn Edinburgh and South East Scotland City Region Deal reached a major milestone last week, with the six bid partners submitting their proposal to the Westminster and Scottish governments.
The partners – Midlothian, East Lothian, the City of Edinburgh, Fife, Scottish Borders and West Lothian councils – are working closely to develop a deal with the governments designed to accelerate growth in the city and wider regional economy.
The City Region deal is a mechanism for accelerating growth through investment in innovation, skills and infrastructure. The ambition is to secure £1bn of funding and it is estimated that an additional £3.2bn worth of private sector investment could be leveraged if the bid is successful.
Working in partnership with stakeholders in the business and academic communities is crucial to the bid’s success and almost 100 businesses are now supporting it along with the region’s universities and colleges.
“The submission of the bid marks a key milestone for the City Region Deal, and its ambition to accelerate economic growth across the region,” said Midlothian Council Chief Executive, Kenneth Lawrie. “Midlothian is well placed to benefit from the major investment in infrastructure, digital connectivity and improved transport links that the deal would bring, along with the increased opportunities for learning, skills development and employment.”
For further information visit www.acceleratinggrowth.org.uk or #acceleratinggrowth
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