Glasgow and Aberdeen have been selected as the sites for the first investment zones north of the border.
will be supported by up to £80 million in investment each in a scheme that includes tax relief to drive economic growth.
The UK Government has said the investment zones are focused around research institutions such as universities and driving growth in areas including technology and the green sector.Meanwhile, Scottish ministers have tailored the agreement to ensure it aligns with the net-zero ambitions. “I am very appreciative of the constructive approach the First Minister and Deputy First Minister have shown in the meetings I have had with them in recent weeks.
The Scottish Government’s Wellbeing Economy Secretary Neil Gray said: “This is a milestone in the delivery of investment zones in a way that enhances Scotland’s economy while aligning with our distinctive priorities. Meanwhile, Scottish Secretary Alister Jack said the announcement “shows again what can be achieved when Scotland’s two governments work together to promote a fair spread of opportunities across Scotland.”
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