The Scottish Government has announced a further £50 million investment in the Tay Cities Region for new transport and industry projects.
First Minister, Nicola Sturgeon said £40 million would be invested in the Cross Tay Link Road in Perth, with the remaining £10 million funding an ‘industrial investment programme’ to support manufacturing businesses in Dundee, Perth, Angus and the north of Fife.
This funding is additional to the Scottish and UK governments’ commitment to each invest £150 million in the Tay Cities Deal.
The Tay Cities Region Deal brings together public, private and voluntary organisations in Angus, Dundee, North East Fife and Perth and Kinross. The Heads of Terms for the Deal was signed on 22 November 2018 which is estimated to secure more than 6,000 jobs and lever in more than £400 million in investment over the next ten years.