{"id":39089,"date":"2024-02-16T17:50:16","date_gmt":"2024-02-16T17:50:16","guid":{"rendered":"https:\/\/newsblogsnew.ihbc.org.uk\/?p=39089"},"modified":"2024-02-16T17:50:16","modified_gmt":"2024-02-16T17:50:16","slug":"ihbc-finance-signpost-levelling-up-projects-in-scotland-awarded-177-million","status":"publish","type":"post","link":"https:\/\/newsblogs.ihbc.org.uk\/?p=39089","title":{"rendered":"IHBC \u2018Finance\u2019 Signpost: Levelling up projects in Scotland awarded \u00a3177 million"},"content":{"rendered":"

\"\"A total of 10 projects across Scotland receive grants from round two of the UK Government’s flagship Levelling Up Fund, the .Office of the Secretary of State for Scotland reports.<\/h3>\n

image: Open Government Licence v3.0<\/em><\/h6>\n

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\u2026 The major investment announced follows the allocation of \u00a31.7 billion\u2026<\/span><\/em><\/h2>\n

GOV.UK writes:<\/p>\n

A new green transport hub in Dundee was one of the projects selected to receive funding from this round of the Levelling Up Fund.<\/p>\n

A new ferry for\u00a0Fair Isle, restoration of Kilmarnock\u2019s historic Palace Theatre, and regeneration in Stirling are just some of the transformational local projects across Scotland awarded a share of \u00a32.1 billion from the UK Government\u2019s landmark Levelling Up Fund.<\/p>\n

Major UK Government investment will benefit people across Scotland by spreading opportunity and breathing new life into historically overlooked areas.<\/p>\n

A total of 10 projects in Scotland have been allocated more than \u00a3177 million from round two of the Levelling Up Fund. The projects will create jobs, drive economic growth, help restore people\u2019s pride in the places where they live and spread opportunity more equally.<\/p>\n

This will drive forward the Prime Minister\u2019s priority to grow the economy by levelling up and provide the foundations for building a better future in communities across the UK. By working together the UK is better able to collectively tackle the individual challenges faced by every region and nation across the country.<\/p>\n

Grants include nearly \u00a327 million for a new roll-on, roll-off ferry for Fair Isle. There is also \u00a320 million to fund the refurbishment of Kilmarnock\u2019s 163-year-old Palace Theatre and Grand Hall, and a new park near the town square, as well as more than \u00a319 million towards the regeneration of the Forthside area in Stirling.<\/p>\n

In Aberdeenshire, \u00a320 million will transform Peterhead\u2019s disused Arbuthnot House into a new museum, library and cultural hub, while the popular marine aquarium in Macduff will be modernised and expanded.<\/p>\n

Prime Minister Rishi Sunak said:<\/p>\n

“Through greater investment in local areas, we can grow the economy, create good jobs and spread opportunity everywhere.<\/p>\n

“That\u2019s why we are backing a number of projects with new transformational funding to level up local communities in Scotland.<\/p>\n

“By reaching even more parts of the country than before, we will build a future of optimism and pride in people\u2019s lives and the places they call home.”<\/p>\n

Levelling Up Secretary Michael Gove said:<\/p>\n

“We are firing the starting gun on more than a hundred transformational projects in every corner of the UK that will revitalise communities that have historically been overlooked but are bursting with potential.<\/p>\n

“This new funding will create jobs, drive economic growth, and help to restore local pride. We are delivering on the people\u2019s priorities, levelling up across the UK to ensure that no matter where you are from, you can go as far as your talents will take you.”<\/p>\n

Scottish Secretary Alister Jack said:<\/p>\n

“It\u2019s fantastic to see real momentum gathering as we level up across Scotland. This latest round of UK Government funding will see more than \u00a3177 million invested into 10 exciting projects which will breathe new life into communities across Scotland.<\/p>\n

“Working with local partners we are boosting culture and leisure in Aberdeenshire, Galloway and Kilmarnock; improving connectivity in Shetland and Dundee; regenerating Greenock and Cumbernauld town centres; unlocking huge swathes of land for green development in East Lothian and Stirling; and helping communities in Fife connect with nature.<\/p>\n

“We must and will continue to invest in initiatives that will make a difference to communities and help grow our economy. So far we have announced more than \u00a32.26 billion – including the two Freeports confirmed last week – to bring prosperity and growth to Scotland that is crucial as we tackle the challenges associated with rising energy prices and the increased cost of living.”<\/p>\n

Projects in Scotland awarded Levelling Up Fund grants in round 2:<\/p>\n