Edinburgh and South East Scotland £600 City Deal Investment
The UK and Scottish Governments have each committed £300m to the City Deal which will see over £1 billion overall invested in unlocking economic growth and boosting jobs across the region.
The funds will go directly to scientific research on space, health sciences, agri-tech and food and drink at Heriot-Watt, Queen Margaret and Edinburgh Universities.
The signing of the full deal, backed by the UK government, Scottish Government and local partners, will see the creation of five new innovation hubs, including in robotics and space technologies.
Reaffirming the city’s position as the world’s Festival City, the investment will also create a new 1000-seat Edinburgh concert hall, building on the contribution of culture to the city’s economy.
Miles Briggs, Scottish Conservative Lothian MSP, said:
“This investment in Edinburgh and the South East of Scotland is very welcome and will give a real boost to economic growth and jobs across Lothian.
“Lothian has an outstanding reputation for scientific research and these funds will be put to very good use.”