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Scottish cities will share £5m government fund Scottish cities share £5m government fund
(about 14 hours later)
Scotland's six cities are to benefit from a new investment fund - the details of which will be announced by the Scottish government later. Scotland's six cities are to share in a £5m government investment fund to boost the local economy.
The £5m pot of money will be shared between Edinburgh, Glasgow, Aberdeen, Dundee, Inverness and Stirling. Council leaders in Edinburgh, Glasgow, Aberdeen, Dundee, Inverness and Stirling have been urged to team up to deliver a list of new projects.
The fund will be used to bolster investment projects in transport, digital connections, culture and the low carbon economy. It is also hoped the fund can be used to pump in extra private cash and attract European funding.
It is hoped the cities will work alongside the private sector. It will be used to bolster investment in transport, digital connections, culture and green projects.
Scottish Deputy First Minister Nicola Sturgeon, said: "We want to see cities working together, building on their combined strengths to develop strong investment propositions at a scale which will be attractive to potential investors."
The £5m fund will be used to support projects, including rail and air travel, district heating networks and marketing Scotland's cities as attractive places to live, visit and study.
The Scottish Cities Alliance is being facilitated by the Scottish Council for Development and Industry.
Labour's Jackie Baillie said of the plan: "It is disappointing that today's strategy comes without any real money to invest in the future prosperity of our cities."