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.”
The government has announced new emergency measures to tackle the current housebuilding crisis in London and unlock tens of thousands of homes.
The Chancellor has appointed growth and productivity expert Dr Anna Valero as an Industrial Strategy advisor.
The Chancellor has announced a £500 million investment package to deliver growth in the Oxford to Cambridge Corridor and cement its status as
New data from Ordnance Survey (OS) will be used to support safe walking across Great Britain.
The government has announced new financial penalties for water companies who commit environmental offences.
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