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Scottish high streets to share £50m in funding

4 Mar 19 The Scottish government has unveiled a £50m investment fund to help support town centres.

The money will fund a range of investments, such as the re-purposing of empty buildings for housing or social and community enterprises.

Fife tops the list with an allocation of 拢4.3m. Three other council also receive more than 拢3m each: Aberdeenshire, Glasgow City and North Lanarkshire.

The Town Centre Fund, which has been set up in partnership with local government association COSLA, is aimed at helping councils ensure their high streets are more diverse, sustainable and successful in the face of changing and evolving retail patterns.

Economy secretary Derek Mackay said: 鈥淭own centres are facing challenges across Scotland in adapting to a changing retail climate, and it is important that we help them to diversify and adjust to overcome these challenges. I want to make sure we can keep life in our high streets, and ensure they continue to be thriving places for communities to live, work and enjoy.

鈥淭his 拢50 million fund will enable local authorities to stimulate and support a wide range of investments which will encourage town centres to diversify and flourish, and create an increase in footfall through local improvements and partnerships.

鈥淚t is part of a wider boost to the economy through providing more than 拢5 billion of capital investment to grow and modernise Scotland鈥檚 infrastructure, and a wider package of support to businesses, including maintaining a competitive business rates package and providing the most generous package of non-domestic rates reliefs anywhere in the UK.鈥

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