The UK Government has launched the Scotland Growth Fund, committing £140 million to boost regional economies.
The initiative targets areas with the lowest real disposable household income per capita to improve prosperity.
Funding will flow between 2026/27 and 2028/29, supporting five Scottish regions directly.
Glasgow City will receive £60.9 million, and Edinburgh and the South East will secure £37.8 million.
The Tay Cities region will get £19.5 million, Ayrshire £11.8 million, and Forth Valley £9.8 million.
The Scotland Growth Fund will back projects that strengthen local economies and create skilled jobs.
It will fund infrastructure upgrades, business support programs, and skills development initiatives across the regions.
Scottish Secretary Douglas Alexander said the investment shows the government’s commitment to regional growth.
He explained that local leaders will decide how to use the funding in their areas.
Alexander added that the fund could support projects that improve infrastructure, expand business support, or enhance skills.
He also stressed that the government will work with local partners to develop tailored investment plans.
“By investing in local areas, reducing child poverty, and controlling inflation, we aim to improve living standards,” Alexander said.
Funding will go through Regional Economic Partnerships, which bring together local authorities, businesses, education providers, and third-sector organisations.
This collaborative approach ensures strategic decisions and maximises investment impact in each region.
The programme requires full business case clearance from MHCLG and HM Treasury before approval.
Officials confirmed that further details on delivery, investment themes, and project selection will appear in Q1 2026.
The Scotland Growth Fund will create jobs, stimulate growth, and improve public services in communities across Scotland.
It focuses on infrastructure, skills, and business development to foster sustainable economic improvement nationwide.
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