The reshaped programme represents joint investment from the UK and Scottish Governments, with each contributing £150m over a 10-year period to March 2030.

Since the Deal’s launch in December 2020, more than £160m of government funding has been released, supporting over 5,300 jobs and securing approximately £253m in additional private sector and partner investment.

In 2025, the Partnership reviewed the remaining programme in response to rising costs, project delays and resource constraints. The review aimed to ensure that all projects, programmes and funding streams continued to support the Deal’s objectives and commitments.

UK and Scottish Government ministers have now approved the five new projects. The reshaped programme is designed to maximise investment, support economic growth and deliver lasting benefits across the region.

The new projects, representing a combined investment of approximately £49.9m, are:

• Montrose Port Offshore Wind Prioritisation Project, Angus: Investment to strengthen Montrose Port’s position as a globally competitive hub for offshore wind operations and maintenance.

(Total funding £15.22m – split UK Gov £12.01m Scot Gov £3.21m)

• LIVEHOUSE, Dundee: A new 3,500-capacity indoor events venue to attract international touring acts, major events and conferences.

(Total funding: £15m – split UK Gov £12m Scot Gov £3m)

• Clean Growth Co-location Programme, Eden Campus: Enabling infrastructure at the University of St Andrews to support clean-growth innovation and early demonstration.

(Total funding: £9.887m – split UK Gov £6.887m Scot Gov £3m)

• Perth Broxden Roundabout Improvement Package: Improvements to address congestion, road safety and capacity at one of Scotland’s busiest strategic junctions.

(Total funding: £6m – Scot Gov £6m)

• 2 Sisters Food Group, Perth & Kinross: A new facility and farm investment supporting growth and employment in the food and agriculture sector.

(Total funding: £3.75m - Scot Gov £3.75m)

Business and fair work minister at the Scottish Government, Tom Arthur, said: “The Scottish Government’s 10-year, £150m commitment to Tay Cities Region Deal presents an opportunity for partners to deliver growth across the region.

“I’m pleased to confirm we are contributing funding towards all five projects identified by the regional partners and also to see the renewed commitment to delivering the benefits of the Deal, including up to 6,000 jobs and a further £400m of investment in the region.”

UK Government minister for Scotland, Melanie Ward, said: “The UK Government is pleased to back this reshaped programme with £30.9m from our overall £150 million Tay Cities Region Deal investment. Driving good growth in every postcode, it will help to create more jobs and attract further private sector funding. I look forward to seeing the benefits felt by local people and businesses.

“Communities know best what they need to grow and access opportunities. That’s why the UK Government and Scottish Government have agreed to work together to empower regions in Scotland, pushing power out from Holyrood, so that every place can use its own strengths to unlock growth in every postcode.”

Councillor George Meechan, leader of Angus Council and Chair of the TCRD Joint Committee, said: “The Tay Cities Region Deal has already delivered significant benefits, supporting thousands of jobs and attracting substantial investment to our region. However, it is important that we adapt to changing economic circumstances and ensure the remaining programme delivers the greatest possible impact.

“The approval of these five projects is an important milestone. They represent exciting opportunities across a range of sectors and demonstrate the strength of collaboration between our regional partners and the UK and Scottish Governments.

“We remain focused on delivering the Deal’s ambitions, attracting further investment and creating a stronger, more prosperous and sustainable future for the Tay Cities region.”

The Partnership will continue working together to deliver the programme, maximise economic opportunities and secure lasting benefits for businesses, communities and organisations across Angus, Dundee, Fife and Perth & Kinross.