The UK Government announced a £140 million Local Growth Fund to support economic prosperity in five Scottish regions over the 2026/27‑2028/29 period. Glasgow City will receive £60.9 million, Edinburgh & South East £37.8 million, Tay Cities £19.5 million, Ayrshire £11.8 million and the Forth Valley Region £9.8 million. The fund will finance projects such as infrastructure investment, business support and skills development, with allocations made through Regional Economic Partnerships in proportion to population. The programme is subject to business‑case clearance by MHCLG and HMT, with further details to be released in Q1 2026. The investment is part of a broader £2 billion‑plus package for local and regional projects across Scotland.
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Original source: https://www.gov.uk/
https://www.gov.uk/government/news/140m-scottish-local-growth-fund-to-drive-economic-growth
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