Sector - Housing
£50M funding package for Tay cities region
A newly announced £50M funding package will support manufacturers in the Tay cities region and delivery of the Cross Tay Link Road, First Minister Nicola Sturgeon has confirmed.
The Scottish government this week pledged £40M to the new road linking the A9 over the River Tay to the A93 and A94 north of Scone. It is hoped these measures will alleviate congestion in Perth and unlock sites for potential housing and economic development.
The remainder (£10M) will go towards an industrial investment programme supporting manufacturers in Angus, Dundee, Perth and the north of Fife.
This funding supplements the Scottish Government’s £150M commitment to the Tay Cities Region Deal, bringing overall investment in the area to £200 million over the next 10 to 15 years.
“I am confident the Scottish Government’s overall investment of £200M in the Tay Cities region will improve people’s quality of life and encourage sustainable economic growth in the Tay area and Scotland as a whole,” said First Minister Nicola Sturgeon.
Speaking on behalf of the Tay Cities Deal partnership, Councillor Murray Lyle – Leader of Perth & Kinross Council – added: “The news of funding for the Cross Tay Link Road is hugely welcome. This project supports the exciting expansion of Perth and Kinross, opening up new housing, industrial development and job creation in the beating heart of Scotland.
“As well as being a multi-million pound infrastructure project in itself, the road will support the growing population in the area to live life well and expand opportunities for inward investment and better connectivity across Scotland.”
If you are interested in finding out more about key infrastructure trends you may wish to attend the flagship infrastructure exhibition at the NEC in April: UKIS 2019
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