The City Deal programme is underpinned by a robust governance process and arrangements designed to ensure that public money delivers agreed outcomes
Funding provided by the UK and Scottish Governments will be paid over a twenty-year period and unlocked in five-year blocks, subject to the City Deal delivering agreed outputs and outcomes, assessed through a Gateway Review mechanism.
The UK and Scottish Governments will each give the City Region £500 million in grant funding, and the local authorities will borrow a further £130 million.
Further funding of £18.8 million from BEIS (Department of Business, Energy, Innovation and Skills) and £4.8 million from Department of Work and Pensions will fund the Business Growth and Innovation and the Employability schemes respectively over three years.
