£40M to revitalise Scottish centres

 
Forty-eight Scottish towns will benefit from a share of millions of pounds of government funding to help revitalise their town centres and sustain jobs.

Almost £40M has been allocated in the first round of funding, with applications invited for a second round to share a further £20M. It is estimated the projects will support 640 jobs.

Many town centres will see public access and transport links improved as part of the regeneration. The funding will also kick-start a number of town centre housing developments.

Communities minister, Alex Neil, said: ‘This is part of our wider economic recovery plan and we will continue to use every lever to ensure Scotland gets through the downturn in the strongest-possible position.’ The Scottish Government’s £60M Town Centre Regeneration Fund was opened to applications in April 2009.

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