The UK Government will invest £140 million in five Scottish regions in a bid to boost local economies, Douglas Alexander has confirmed.
The Scottish Secretary said Glasgow will receive £60.9 million of the Local Growth Fund, Edinburgh £37.8 million, the Tay Cities region £19.5, Ayrshire £11.8 million, and Forth Valley £9.8 million.
The Scotland Office said it will work with local partners such as councils to ensure the cash spurs on economic growth.
It is part of UK Government plans to spend £2 billion on direct local investments over the next decade in Scotland.
Mr Alexander said the money could be used to improve regional infrastructure, provide business support or fund skills development.
He said: “The UK Government is today backing regional economies across Scotland with £140 million of new investment.
“This new investment will allow local leaders to decide how best to use the funding, which could include projects to improve infrastructure, business support or skills development.
“The UK Government will now work with local partners to develop investment plans tailored to each region.
“By investing in local areas, reducing child poverty, and bringing down inflation, the UK Government is focused on delivering material change to people across the country – boosting living standards and improving public services.”
Deputy First Minister Kate Forbes said: “While any investment in Scotland is welcome, we are disappointed that the UK Government has chosen not to deliver this funding through the Scottish Government.
“The £47 million per year does not come close to matching the funding it is intended to replace.
“Despite a commitment from UK Government ministers last year to engage meaningfully on funding decisions, this initiative was developed without Scottish Government input.
“It is a reallocation of existing resources and it is disappointing that nine local authority areas which previously received funding, including Aberdeen and the Highlands, will now receive nothing.
“This funding bypasses the Scottish Government and Scottish Parliament and is not in line with the principles of devolution.”
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