Stirling and Clackmannanshire City Deal signed

Stirling and Clackmannanshire City Deal signed

Stirling and Clackmannanshire City Deal signed

This month, attention was focused on the long awaited Stirling and Clackmannanshire City Region Deal.

On Thursday the 31st of May, the heads of terms were signed, confirming a total of £90.2 million worth of investment into the Stirling region, £45.1 million from the UK Government and the same from the Scottish Government. The Scottish Government later confirmed an additional sum for a feasibility study into a new bridge over the River Teith at Callander, and a project at Kildean.

This is a good deal for Stirling and Clackmannanshire and will drive economic growth across the region. I congratulate both governments and councils on the agreement announced today.

Innovation and research are at the heart of the deal and the UK Government’s investment in the Aquaculture Innovation Centre and the proposed International Environmental Centre are particularly welcome and will build on the region’s reputation for high quality innovation.

Initiatives such as the National Tartan Centre, Digital District and hubs in Callander and Alloa will also drive the local economy, improving productivity and creating jobs for generations to come.

There will of course be projects which have not been included in the announcement today but I join with others in encouraging both councils to continue to engage with both governments to ensure that these important projects also become a reality.

Below are the commitments from the UK Government, as written into reality by the Heads of Terms signature last Thursday.
The Tartan Centre will showcase our iconic national fabric, and provide another draw for tourists. To be located on Forthside, the centre will further develop Stirling’s position as a tourist hotspot, and keep tourists in the area for longer.
This would have the knock-on effect of boosting footfall in the City Centre.The centre must be more than just a museum. It needs to promote and celebrate tartan in modern day fashion and design across the world. It will also create and sustain jobs during its construction and operation.£10 million will be invested in the National Tartan Centre.
The International Environment centre will be based at the University of Stirling. The role of the Centre will be to connect environmental research with business opportunities and training, while taking full advantage of the natural environment and heritage of our region.

The Centre is another commitment from the UK Government to protect our environment, by ensuring that the right people are in place to develop Environmental laws for businesses.

£5 million will be invested in the Environment Centre.

The Aquaculture Innovation Hub will complement the Scottish Aquaculture Innovation Centre (SAIC) and Institute of Aquaculture on the University of Stirling campus. It will cement Stirling’s place as a world leader in aquaculture.

The hub will provide a larger space for teaching and learning, and will also allow the expansion of current activities from the SAIC and Institute.

This development is part of the Government’s aim to boost aquaculture in Scotland. Salmon production is to double by 2030, and new breeds such as Tilapia are being developed for introduction to UK fish farms.

£17 million is to be invested in the Aquaculture Hub.

The UK Government has allocated £5 million to acquire the Forthside site from the MoD so that it can be developed for the benefit of the people of Stirling.
Clackmannanshire:

In Clackmannanshire, the City Region Deal UK Gov funding will go towards several projects in Clackmannanshire. Read more on Clacks Council website: https://www.clacks.gov.uk/citydeal/

£8 million will be invested in Clackmannanshire.

 

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