UK Government levelling up funding in Scotland approaches 拢3bn
Local and regional investment is delivering real dividends for communities across Scotland.
The UK Government鈥檚 levelling up funding in Scotland has now reached 拢2.92 billion, an increase of 拢840 million (40 per cent) since the end of last year,聽Scottish Secretary Alister Jack revealed today [Saturday 23 December].
That is the equivalent of 拢535 for every person in Scotland. At the end of 2022 it was 拢380 per person.聽The聽total is set to rise with millions of pounds of further investment in 2024.
The huge funding boost is after another 12 months of working with local partners to identify ways to transform communities, create jobs and boost the economy.聽
The new figure comes on the heels of yesterday鈥檚 announcement of 拢8 million from the UK Government鈥檚 Community Ownership Fund聽for 17 projects in Scotland. That brings the total Scottish聽Community Ownership Fund聽investment so far to 拢13.6 million for 43 projects.
The 拢2.92 billion UK Government support comprises more than 拢1.5 billion investment in City Region and Growth Deals, and more than 拢1.4 billion in further聽levelling up聽investments ranging from Freeports and Investment Zones to regenerating town centres and saving local community assets.聽聽
Scottish Secretary Alister Jack said:
I鈥檓 delighted to confirm that our levelling up commitment to communities across Scotland now stands at more than 拢2.9 billion.聽It has been a bumper year in both the pace and scale of investment right across Scotland. This money is making a real impact, rejuvenating communities, creating jobs, boosting the economy and attracting further investment.
We are seeing the dividends of listening to the ambitious ideas of local organisations and bringing in the resources to make things happen.聽We are focused on continuing to work with local partners and the Scottish Government聽to deliver the change that the country needs to put Scotland and the UK on the right path for the future.