Total investment for Borderlands reaches up to £447 million
15 Mar 2019 12:32 PM
Government announces fresh funding in the Spring Statement for the Borderlands Growth Deal.
Communities across the Borderlands area of the North of England and South of Scotland will benefit from up to £447 million investment.
The announcement of fresh funding in the Spring Statement brings the historic Borderlands Growth Deal to deliver investment, create jobs and encourage economic growth in the Northern Powerhouse and across the Borderlands region a step closer.
The funding will provide the opportunity to explore key priority projects such as regenerating Carlisle Station and developing the Lilidorei attraction at Alnwick Gardens, one of the North East’s most popular tourist destinations.
Discussions will now continue with the local partners - including the local authorities of Carlisle City, Cumbria County, Dumfries and Galloway, Northumberland County and Scottish Borders - to further develop their proposals and work towards reaching a Heads of Terms agreement for the Borderlands Growth Deal later this year.
Secretary of State for Scotland, Rt Hon David Mundell MP, yesterday said:
Our exciting and innovative Borderlands deal recognises that the cross-border region is a single economic unit.
Investment north of the border has an economic benefit south of the border and vice versa.
It is the right approach and I’m absolutely confident the Borderlands deal will deliver a massive boost to the region, supporting business, creating jobs and improving quality of life for everyone who lives there.
Minister for the Northern Powerhouse, Jake Berry MP, yesterday said:
Today’s announcement demonstrates the government’s ambition to develop the next phase of growth across the Northern Powerhouse and Borderlands so no one is left behind.
This investment will go a long way to supporting jobs and boosting economic growth and tourism within the regions and improving people’s lives with increased job opportunities and improved transport infrastructure.
People in the Northern Powerhouse and Borderlands regions are not forgotten and are an absolute priority for the government and we are determined to ensure these communities continue to thrive
The UK government’s Borderlands Champion, John Stevenson MP, yesterday said:
As Borderlands Champion I’m absolutely delighted with the announcement of substantial new money going into the Borderlands region.
It gives us a great opportunity to seek other investment to boost the local economy and strengthen ties within the region.
Yesterday’s announcement builds on significant UK government investment to encourage housing growth and support coastal communities.
Further significant investment in the region from the Coastal Communities Fund and Coastal Revival Fund is due to be announced later this month.
Notes to Editors
A total of up to £447 million will be invested in the Borderlands region. The UK government will invest up to £260 million in the Borderlands Growth Deal. In combination with the recent £102 million investment in Carlisle from the Housing Infrastructure Fund, this means that up to £362 million of UK government funding will be invested into the Borderlands region. The Scottish government will contribute a further £85 million to the Borderlands Growth Deal.
Funding for both the regeneration of Carlisle Station and the Alnwick Gardens projects, as with all of the local Borderlands Growth Deal proposals, are subject to full business case approval.
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