The UK and Scottish governments are working together along with partners in the Borderlands to invest in improvements to transport, skills, place and regeneration, digital infrastructure, energy, business growth, rural innovation, culture and tourism.
The region is home to over 1 million people and covers 10% of the UK landmass. This geography presents challenges and opportunities that the Borderlands Growth Deal will address by:
The UK Government will commit up to £265 million to the deal, the Scottish Government will commit up to £85 million, and local authority partners will contribute up to £44.5 million. Combined this adds up to a package worth up to £394.5 million for the region.
This is should generate around £1.1 billion for the local economy and deliver around 5,500 jobs in the region.
The Heads of Terms for the deal were agreed in July 2019 and set out the project areas that the UK and Scottish governments hope to support.
The Borderlands Partners have put forward proposals that will harness the region’s substantial strengths. Watch this short animation for an overview:
All proposals are subject to approval of business cases, examples include:
This financial boost will accelerate the region’s economic development, create jobs and encourage future investment in the area.
Both governments are committed to continuing their support for the region to harness its full economic potential.
Find out more about City Region and Growth Deals