The Scottish government will invest an additional £50m in the Tay cities region to support manufacturing businesses and for the delivery of the Cross Tay Link Road.
First Minister Nicola Sturgeon said that £40m will be invested in the new road, which will link the A9 over the River Tay to the A93 and A94 north of Scone to reduce congestion in Perth and open up sites for housing and economic development.
The remaining £10m will be used to fund an industrial investment programme to support manufacturing businesses across the region, covering Dundee, Perth, Angus and the north of Fife.
The First Minister said: “Our further £50 million investment in the Tay cities region will support transport infrastructure and manufacturing projects, benefiting people and businesses and ensuring the area continues to grow and thrive.
“As well opening up land for new housing and employment sites, the Cross Tay Link Road will reduce traffic congestion in and around Perth and improve the air quality in the city centre and Bridgend.
“The £10 million industrial investment programme will help drive forward our ambitions to be a global manufacturing leader, creating opportunities for businesses right across the region.
“I am confident the Scottish Government’s overall investment of £200 million in the Tay Cities region will improve people’s quality of life and encourage sustainable economic growth in the Tay area and Scotland as a whole.”
The £50m funding is in addition to the government’s £150m commitment to the Tay Cities Region Deal and brings overall investment to £200m over the next 10 to 15 years.
The Tay Cities Region Dealbrings together public, private and voluntary organisations in the council areas of Angus, Dundee, Fife and Perth & Kinross.
A working group, led by Scottish Enterprise, will be established to oversee the development of the industrial investment programme.
The Cross Tay Link Roadis part of Perth & Kinross Council’s Perth Transport Futuresplan.
Image: Rendering of a bridge proposed as part of the Cross Tay Link Road. Photo: Courtesy of Perth Transport Futures.