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12/03/2015

Aberdeen City Deal bid takes shape

Words: Roger Milne
Aberdeen

A bid for City Deal status worth £2.9 billion has been launched by the leaders of Aberdeen and Aberdeenshire councils.

The aim is to release the funding for infrastructure in the north-east of Scotland over the next 20 years.

It would involve a combination of government grants and borrowing powers to secure the region’s economic future.

Investment in housing, transport, city centre regeneration and the development of Aberdeen harbour are all on the agenda.

Jenny Laing, leader of Aberdeen City Council, said: “Securing the deal would help us to realise the full potential of the region, working across the public and private sectors in the best interests of all.”

Aberdeenshire Council leader Jim Gifford said: “The UK and Scottish governments have identified city regions as being one of the key engines of economic growth.

“By working alongside the city and our partners in the private sector, we can ensure a clear, joined-up approach to tackling pressing issues and removing barriers to allow us to achieve even more as a region.”

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