THE Scottish Government has announced an additional £50 million investment in the Tay cities region, £40 million of which will be invested in the Cross Tay Link Road, which will link the A9 over the River Tay.
The remaining £10 million will fund an industrial investment programme to support manufacturing businesses.
This funding is in addition to the £150 million the Scottish Government has already commitment to the Tay Cities Region Deal.
First Minister Nicola Sturgeon said, “Our further £50 million investment in the Tay cities region will support transport infrastructure and manufacturing projects, benefiting people and businesses and ensuring the area continues to grow and thrive. As well opening up land for new housing and employment sites, the Cross Tay Link Road will reduce traffic congestion in and around Perth and improve the air quality in the city centre and Bridgend.
“The £10 million industrial investment programme will help drive forward our ambitions to be a global manufacturing leader, creating opportunities for businesses right across the region. I am confident the Scottish Government’s overall investment of £200 million in the Tay Cities region will improve people’s quality of life and encourage sustainable economic growth in the Tay area and Scotland as a whole.”
Councillor Murray Lyle, leader of Perth & Kinross Council, said, “This is fantastic news for the Tay cities region. We welcome the introduction of an industrial strategy which will encourage innovation and inward investment and support sustainable skills development across the whole of the Tay cities region. This will in turn boost opportunities for strategic partnerships with businesses, contribute to the local, national and global economy and create prosperous communities.
“The news of funding for the Cross Tay Link Road is hugely welcome. This project supports the exciting expansion of Perth and Kinross, opening up new housing, industrial development and job creation in the beating heart of Scotland.”