Inverclyde to Benefit from Scottish Government Regeneration Funding

Inverclyde is set to benefit from a share of £25 million of Scottish Government funding to help regenerate the community.

A total of 29 projects will be awarded funding in 2017/18 as part of the Regeneration Capital Grant Fund (RCGF), which supports projects in disadvantaged areas that engage and involve local communities.

The joint Scottish Government and COSLA investment will inject new life and opportunity into disadvantaged and fragile rural areas, helping support or create more than 2,300 jobs, support some 50 community facilities and services and refurbish or bring back into use around 25 local buildings.

Regeneration organisation Riverside Inverclyde has been awarded £900,000 to establish a Micro-Business Enterprising Communities Hub in Greenock.

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Commenting, Greenock and Inverclyde MSP Stuart McMillan MSP said:

“I am delighted that Riverside Inverclyde will receive substantial investment as part of the Regeneration Capital Grant Fund.

“The Scottish Government is committed to regenerating local communities for the benefit of local people and this funding is testament to that.

“Small businesses are the lifeblood of Scotland’s economy, supporting jobs and growth in our communities, as well as providing an invaluable service to people across Inverclyde.

“This additional funding will go some way to help support the growth of small businesses in Inverclyde, creating a focal point that will help local residents in Inverclyde to start up new businesses and to help sustain these new businesses during the early stages of trading.”

 

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