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City region deal plans for Edinburgh approved
The City of Edinburgh Council has approved a report on the Edinburgh and the South East of Scotland City Region Deal, which could attract £5 billion of private sector investment.
The deal is being designed to accelerate growth in Scotland’s capital city and wider region in order to benefit the Scottish and UK economies while tackling deprivation and inequality, with councillors having agreed in principle that the City of Edinburgh Council will contribute £100 million towards a £2 billion deal.
The other bid partners - East Lothian, Fife, Midlothian, Scottish Borders and West Lothian Councils - will also consider the report and decide on their contributions.
Andrew Burns, Edinburgh council leader, said: “A deal on this scale cannot be delivered by the public sector alone and private sector involvement is going to be key as we drive this forward.
“The deal will also give the region greater autonomy on determining investment priorities and will help to identify and deliver appropriate solutions to local issues and opportunities.”
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