Glasgow City Region unveils £250m boost
Glasgow City Region has unveiled a £250 million funding boost for vital infrastructure work aiming to help kickstart the area’s post-covid-19 economic recovery and support thousands of jobs and businesses.
The funding is part of the £1.13 billion UK and Scottish Government funded City Deal, billed as one of the largest and the most advanced in the UK.
Susan Aitken, chair of the Glasgow City Region Cabinet and leader of Glasgow City
Council, said: “As we plan for our re-emergence from the greatest crisis in generations, it’s crucial that we accelerate activity on the things we already know we need to build a city region economy, one which delivers for all people and a sustainable future.
“In the months and years ahead, a monumental effort at all levels of government will be required to resuscitate our post-pandemic economy and I am committed to working with UK and Scottish ministers to maximise the value and impact of the Glasgow City Region Deal.”
The news of the boost was prompted by formal confirmation from government to the eight City Regional member councils of their Gateway Review.
Scottish transport, infrastructure and connectivity secretary minister Michael Matheson said: “This further investment into the Glasgow City Region Deal from our total funding of £500m, combined with the package of support we have announced for businesses across the country, will support the region to plan its economic recovery from Covid and thrive in the future.”