Oral Question·Ministry of Housing, Communities and Local Government
“What recent progress he has made on the Towns Fund; and if he will make a statement.”
Tabled: 9 June 2020Answered: 15 June 2020
Answering Minister
the Secretary of State for Housing, Communities and Local Government
Answer from Hansard
The Minister for Trade Policy and Economic Security (Mr Douglas Alexander)
The Government are committed to supporting investment in Scotland in line with our growth mission. The Prime Minister recently announced that the National Wealth Fund will provide £200 million of investment in new opportunities in Grangemouth in particular. That announcement came alongside the recently announced £55 million grant for the Port of Cromarty Firth, the two investment zones receiving £80 million over the next five years and our expanded Office for Investment.