FollowingChancellor George Osborne’s budget announcement, investment management company JLL hailed the opening of the formal negotiations on City Region Deal funding for Edinburgh and south-east Scotland.
Alasdair Humphery, Lead Director for property consultant JLL in Scotland, said:
“The City Region deal is great news for Edinburgh and the south east of Scotland.
With the region’s population set to soar over the next five years, combined with both a shortage of both housing and office accommodation, this investment is crucial to helping the City region achieve its potential.
Deployed effectively, it should help to create jobs, regenerate industrial sites, support new housing, as well as improving transport infrastructure, all of which is crucial to the economic development of the city and wider region. Delivering a deal that is fit for purpose will depend on a fully co-operative effort from the regional business community, ensuring that the funding is invested where’s most needed.”