Date lodged: 9 September 2016
To ask the Scottish Government who will be eligible for support from the £10 million of funding to support the delivery of capital projects for local economic development referred to in the 2016-17 Programme for Government; what the application process will be, and from what date the support will be made available.
Answered by: Keith Brown 21 September 2016
The First Minister announced on 10 August measures to support and stimulate the economy in the wake of the EU referendum and highlighted that capital spending on projects to support and create employment would be accelerated, with an additional £100 million of funding in this financial year. In launching the Programme for Government, the First Minister confirmed that one of the sixteen projects that formed the £100 million capital investment package would be £10 million to support capital investment in local economic development projects.
The detail of the specific projects will be announced shortly and will be focused in areas where there has been economic challenge and company closure and will help increase economic resilience, supporting future growth and helping to create and retain jobs in local communities. We are currently working with local authorities to confirm the projects that are to be supported through these capital resources which need to be committed this financial year.
There has been no formal application process as the resources have been focused on accelerating existing priorities. The projects that are being considered are those that have been identified as priorities through our joint work with local authorities. They will support employment and business activity and will develop infrastructure assets and improvements which will make a significant contribution to the future prosperity in these communities. Key assessment criteria have been growth, including an assessment of the impact on short-term economic growth and business activity and inclusion, including the impact on geography and fit with wider Scottish Government priorities.