Glasgow and Aberdeen to share ?160m investment zone boost

Glasgow will join Aberdeen in becoming Scotland's investment zones,  Photograph by Colin Mearns/Newsquest

Glasgow will join Aberdeen in becoming Scotland's investment zones, Photograph by Colin Mearns/Newsquest

Glasgow and Aberdeen have been named UK investment zones in a joint £160m project by Scotland’s two governments.

Glasgow city region and the North East of Scotland[1], including Aberdeen, will be the country’s two investment zones following an agreement between the UK Government and Scottish Government.

The UK Government has pointed to the pace at an agreement with Humza Yousaf’s administration at Holyrood after Westminster and Holyrood were caught up in a bitter row over freeports.

The Tory Government has placed investment zones as a key part of its levelling-up strategy.

Both the Glasgow city region and the North East investment zones will each receive £80m of funding.