Budget 2016: Chancellor Signalled his “Commitment to Edinburgh” said City Leader Andrew Burns today

Maria Gran

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Chancellor George Osborne has signalled his “commitment to Edinburgh” in his spring budget, City leader Andrew Burns said today.

Speaking the day after the Chancellor backed proposed funding for the Edinburgh and South-East Scotland City Region Deal, Mr Burns said the extra money would help the Capital grow its economy.

The deal will seal an extra £1bn fund from the UK and Scottish governments, which aims to allow cities and regions to grow their economies.

Councillor Burns said: “Yesterday’s Spring Budget signalled an important commitment to Edinburgh and to our neighbouring local authorities.

“Through more innovation, the development of skills and infrastructure projects and the acquisition of increased powers, we can further enhance the region’s reputation as a great place to live, work, do business and invest in, and help accelerate economic growth not just for the region but for the whole of Scotland and the wider UK.”

Detailed information on what the funds will be spent on is yet to be released, but it is believed that transport, housing and universities are among the frontrunners for funds.

The hope is that securing the £1bn fund will attract £3.2bn from private sector business, that will further boost the economy.

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