The UK Government has announced a landmark £1.4 billion investment for Scotland, targeting dozens of local growth projects over the next decade.
This substantial funding aims to boost economic growth, infrastructure, and community development across Scottish regions.
Scottish Secretary Ian Murray has formally notified all 32 Scottish local authorities, confirming key projects now approved for funding.
Among the significant allocations, £160 million will go to support investment zones in Glasgow and the northeast, while an additional £26 million each has been earmarked for the Cromarty and Forth Freeports, as well as the Fair Isle Ferry project in Shetland.
Further funding includes nearly £39 million for Renfrewshire’s Advanced Manufacturing Innovation District Scotland South transport initiative.
Glasgow’s Drumchapel town centre will see £15 million allocated to its regeneration, and £18 million will go towards the Elgin city masterplan.
Additionally, ten areas have been selected to receive £20 million each as part of the government’s Long-Term Plan for Towns programme. This will support North Ayrshire, Inverclyde, East Ayrshire, North Lanarkshire, West Dunbartonshire, Moray, Dumfries and Galloway, Angus, Aberdeenshire, and Orkney in their local revitalisation efforts.
This funding follows £1.5 billion allocated to Holyrood this year, with an additional £3.4 billion pledged for the coming year.
Murray noted that the government’s recent Budget prioritises investment over austerity and aims to set the foundation for a decade of growth and public service renewal.
“This historic commitment will drive a period of national renewal across Scotland,” Murray remarked, underscoring that the funding is a testament to the government’s dedication to strengthening the Scottish economy and supporting local initiatives.
He also emphasised the importance of collaboration with local authorities to achieve these ambitious goals.
This investment represents a long-term commitment from the UK Government to Scotland’s growth and prosperity, supporting transformative projects that will benefit communities and foster economic resilience.
