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£315million CITY DEAL FOR INVERNESS

Today (22nd March) the BID Chairman, Craig Duncan attended the historic signing of the City Deal where £315m was allocated for capital projects in the area over next 10 years. Craig commented "Its a fantastic deal & all credit must go to the Highland Council leader & her staff for achieving this result insetting up a base for confirmed investment in Inverness for the forseeable future"

A copy of the signed agreement can be viewed HERE.

The key challenges facing the region are:

• population drift, ageing demographics, and outmigration of young people in pursuit of Further and Higher Education and more diverse employment opportunities elsewhere;

• talent drain to cities, the central belt of Scotland and beyond;

• insufficient investment in transport infrastructure constraining employment and population growth;

• insufficient research and development spend by businesses and institutions, and the concentration of public research spend in the larger universities elsewhere in Scotland;

• insecure connections to hub airports;

• over reliance on a small number of major employers; and

• The need to grow higher value private sector jobs as public sector posts reduce.

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