£56 million funding to stimulate growth and create local jobs.
Disadvantaged communities across Scotland will benefit from more than £56 million of additional investment in regeneration projects bringing the total to more than £428 million since 2007.
The latest funding announced in December’s budget, will be available in the new financial year to help attract private investment and create jobs in disadvantaged areas.
Visiting regeneration projects in the Calton area of Glasgow, Social Justice Secretary Alex Neil said:
“The Scottish Government is committed to supporting local regeneration projects in our most deprived areas, where disadvantaged communities are supported and where all places are sustainable and promote well-being.
“Investing in community-led regeneration is a priority for this Government as we recognise that local communities are best placed to address inequalities and identify how their areas can be improved.
“Regeneration plays a vital role in supporting sustainable economic growth, by tackling area inequality, addressing market failure, and increasing opportunities for areas of need to attract investment and jobs.
“It must be approached in an holistic and collaborative way, working with our communities to identify solutions and improve outcomes.
“Here, in Calton, Scottish Government intervention is delivering more than £1.8 million of Investment in regeneration projects in the area.”
Source: Scottish Government