The Stirling and Clackmannanshire City Region Deal will maximise regional strengths to create high quality, high value jobs and a diverse and inclusive economy.
The UK Government and Scottish Government are investing up to £90.2 million into the city region over the next 10 years. Alongside this joint government investment, regional partners, including Stirling Council, Clackmannanshire Council and The University of Stirling will invest up to £123.8 million, resulting in a deal worth in excess of £214 million.
City region partners have an ambition that the City Region Deal will unlock private investment in excess of £640 million, and deliver over 5,000 new jobs across a wide range of sectors.
The deal focuses on delivering national and international sustainability through cutting-edge environmental projects, innovation in the digital and tourism sectors and boosting skills across the region.
The deal has seven areas of investment:
Project details are set out in the Heads of Terms document for the deal.
The National Aquaculture Technology and Innovation Hub will create the UK’s leading innovation community for sustainable aquatic food production. The Hub will create state-of-the-art experimental aquatic facilities and a suite of next generation analytical laboratories. This will assist companies with developing and testing their new technologies and services for the global marketplace while reducing the impact on natural resources.
The National Tartan Centre will reinforce the City of Stirling’s position as a go-to cultural destination and as a centre of excellence for traditional crafts and skills right in the heart of Scotland. As well as providing a high quality visitor attraction the centre will showcase the power and iconic nature of the tartan brand. The Centre will offer a programme of education including skills demonstrations and opportunities for participation and interaction that will focus on traditional crafts, manufacturing, fashion and design.
Scotland’s International Environment Centre aims to transform the relationship between environmental management and business. This will ensure that the protection and enhancement of natural resources becomes a driver of clean, inclusive economic growth. The plans include the restoration of Wetlands habitat in Clackmannanshire, which will create a living laboratory, training facility and community amenity on the River Forth.