Over the next three years, five Scottish regions have been identified to benefit from these investments: Glasgow City, Edinburgh and South East, Tay Cities, Ayrshire and Forth Valley Region.

The programme will fund regional projects which will drive economic growth. That might mean projects like infrastructure investment, business support, or skills development — projects which will make a real difference in terms of skilled jobs and people’s prosperity.

Glasgow City will benefit the most with £60.9m, while £37.8m is earmarked for Edinburgh & South East.

Tay Cities and Ayrshire will receive £19.5m and £11.8m respectively, with £9.8m for the Forth Valley Region.

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The fund is subject to full business case clearance by the Ministry of Housing Communities and Local Government (MHLCG) and the Treasury, and further details will be set out later in Q1 of 2026.

“This new investment will allow local leaders to decide how best to use the funding, which could include projects to improve infrastructure, business support or skills development,” said Douglas Alexander, secretary of state for Scotland.

“The UK government will now work with local partners to develop investment plans tailored to each region.

“By investing in local areas, reducing child poverty, and bringing down inflation, the UK government is focused on delivering material change to people across the country — boosting living standards and improving public services.”