National Wealth Fund: Glasgow
The question
To ask the Secretary of State for Scotland, what discussions he has had with the Scottish Government on the implementation of the National Wealth Fund's strategic partnership with the Glasgow City Region.
Answered by Kirsty McNeill
We meet regularly with the Scottish Government to discuss economic growth, which is this Government’s top priority. To achieve our growth mission, mobilising private investment alongside public sector financing is vital. In January, the Chancellor announced the National Wealth Fund’s Strategic Partnership with Glasgow City Region, which will provide enhanced support to help the region secure long-term investment opportunities.
From 2014 to 2022, the Greater Manchester economy grew by almost 50%.
If the Glasgow City Region had achieved that same level of growth, it would be £7.7 billion larger today. The Glasgow city deal has been a success story, with over £1 billion invested by the UK, Scottish, and local government. But getting devolution right in Manchester has taken it further, and there is much that Scotland’s cities and regions can learn from that modelVerbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →