The Scottish Government’s Edinburgh and South East Scotland City Region Deal will see plans for 41,000 new homes.
The new homes will be delivered by Scottish Government investment of £65m, which looks at creating a new housing company and housing infrastructure funding.
The investment is part of the wider £1.3bn investment deal.
The Scottish Government’s investment in the City Region includes:
• £60m towards a Data Driven Innovation programme of investment, including the creation of economic infrastructure across the region to ensure that businesses and communities across the region are fully able to engage in the resulting opportunities
• £65m towards a regional housing programme, including the creation of a new housing company and housing infrastructure funding to enable the delivery of 41,000 new homes
• £120m for transport improvements to Sheriffhall Roundabout
• £20m for public transport improvements in West Edinburgh
• £25m for an Integrated Regional Employability & Skills Programme to reduce skills shortages and gaps and deliver opportunities for people across Edinburgh, the Lothians, Fife and the Borders
• £10m towards a new concert venue for the city, providing a home for the Scottish Chamber Orchestra and reinforcing Edinburgh’s reputation as a leading centre for music and the performing arts.
First Minister Nicola Sturgeon said: “Edinburgh and the South East of Scotland is an area of huge importance to the Scottish economy.
“The region contains over a quarter of Scotland’s population and contributes £33bn to the Scottish and UK economies.
“The Scottish Government’s £300m investment in the City Region Deal will contribute towards 41,000 new homes, 21,000 jobs and improve the skills of an estimated 14,700 people across the region.
“Our investments will ensure businesses and communities from across the region benefit from the opportunities created by this the city region deal.
“Taken together these projects will help the region continue to thrive and grow, fulfilling our ambitions for the region to be one of the fairest and most inclusive areas in the country.”