The UK Government will invest £103 million into Ayrshire over the next 15 years. This figure will be matched by the Scottish Government, bolstered with further investment from regional partners for a total of more than £251 million.
Ayrshire comprises the three local authority areas of East Ayrshire, North Ayrshire and South Ayrshire and is home to approximately 370,000 people. The Growth Deal will invest in growing sectors including aerospace, energy and life sciences, as well as building on Ayrshire’s existing strengths in food and drink, manufacturing and engineering.
The aim is to create an Ayrshire that is vibrant, outward-looking, confident, attractive to investors and visitors, and which will make a major contribution to Scotland and the UK’s growth.
This deal will help drive inclusive economic growth across the region. The economy of Ayrshire has under-performed over a substantial period of time, and it has one of the highest unemployment rates in Scotland and the UK, particularly among younger people. This deal will enable the creation of new jobs and opportunities, securing the future prosperity Ayrshire’s communities.
Some of the proposed projects, which are all subject to approval of final business cases, include: