Tay Cities Deal
The Tay Cities Region Deal is a partnership between local, Scottish and UK governments, and the private, academic and voluntary sectors across Angus, Dundee, Fife and Perth & Kinross to deliver a smarter, fairer region. Their vision is to make the Tay Cities region one of the most exciting, dynamic and desirable areas of Europe to live, work, invest and visit.
The Tay Cities region is home to almost 500,000 people (around 10% of Scotland’s population), over 15,000 businesses, world-class universities and many cutting-edge businesses, providing a strong economic base and regional identity.
The partners are clear that for the economy to thrive, they must achieve the following:
- grow their base of knowledge-led businesses
- create more, better-paid jobs
- support more businesses to trade internationally
- attract investment
- attract and retain talented people
- improve connectivity to, from, and around the region
- increase economic participation
- reduce inequalities
The Full Deal was signed on 17 December 2020. Under the deal, businesses, higher and further education, local government and third sector organisations will work closely together to create growth more quickly and sustainably using the significant public investment to bring greater prosperity and equality to the region.
The Scottish and UK Governments will each invest up to £150m in the Deal over the next 10 years, subject to final approval of strong business cases. This investment has the potential to attract an additional £400m in investment and create up to 6,000 job opportunities across the tourism, food and drink, creative industries, eco innovation, digital, decommissioning, engineering, biomedical and health care sectors.
Find out more by visiting the Tay Cities Region Deal website.
The Angus Fund
The Tay Cities Region Deal Heads of Terms identified a £26.5 million Angus Fund capital investment fund from UK Government for projects in Angus.
The Angus Fund will be used to stimulate The Mercury Programme, which is Angus Council’s visionary partnership programme between government, public, private and community sectors. Projects to be funded are being developed collaboratively with Angus Council and other local partners and are subject to UK Government approval.