The Moray Growth Deal is a transformational investment of over £100 million in strategic projects that will maximise regional economic competitiveness and boost economic growth across the Moray area. The vision addresses issues specific to Moray and the projects are expected to address inclusivity and equality issues while also addressing transport and housing challenges to facilitate economic growth. It is called a deal because the projects need to meet the investment criteria of all partners – Scottish and UK Governments, Moray Council, other partners and businesses.
The Scottish Government and UK Governments are each investing up to £32.5 million over 10 years, with regional partners contributing up to £35.8 million over the same period.
No, we are not in competition with other areas for a set amount of funding. Both the Scottish and UK Governments have committed to providing support for all areas not yet brought within existing city deals.
Business Enterprise Hub
Cultural Quarter
A vibrant Cultural Quarter in the heart of Elgin will be created to support inclusive economic growth and cultural expansion within the city and wider region. It will be made up of three key elements:
Early years STEM (Science, Technology, Engineering and Maths)
Manufacturing Innovation Centre for Moray (MICM)
Bus Revolution
The Bus Revolution project will see the fleet of vehicles increased to enable bus services to operate an on-demand service 4am to midnight (Monday-Saturday) and 7am-10pm (Sundays) for anyone travelling to or from the Moray area.
The project has two key elements:
Digital Health
Housing Mix Delivery
This project will see 300 affordable homes developed with three primary elements:
The projects evolved from a series of initiatives over a lengthy period which included:
This activity identified over 120 potential projects to improve the economic situation within Moray, which were then rationalised and prioritised to create a manageable group of key projects to be tested through extensive consultation and engagement exercises with the community and with businesses in the area to ensure that the right issues were being addressed with the proposals.
There is no fixed target. Each project will have a different return on investment depending on factors like the level and phasing of investment required. It is more important that the projects are in line with government policy.
Tsimoray (Third Sector Interface Moray) has been involved in developing the bid from the start and we are looking at how the voluntary sector can be involved in the next stage of development. A community-based approach will be a major focus of the next communication plans going forward.
Growth deal funding is allocated based on identified projects which sit within the growth deal programme. It is not a pot of money which can be bid for, but there are other types of funding available for communities to bid for such as Money for Moray, the Moray Towns Partnership, Rural Regeneration and Participatory Budgeting funds.
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