Another £5 million has been announced to fund more projects as part of the Stirling and Clackmannanshire City Region Deal.

A deal worth over £90m was signed yesterday which will see the Scottish Government and UK government each invest £45.1m with regional partners, including the private sector to use infrastructure to drive economic growth across the region.

Now the Scottish Government has committed a further £5m to the deal, bringing its investment to £50.1m over the next 10 years.

The extra investment will deliver a new Business Park at Kildean and will support the next stage of development of the proposed new infrastructure at Callander.

These projects have the potential to deliver further growth through leverage of private sector investment of £175m and delivering over 1,000 new jobs for the region.

Announcing the additional funding package, economy secretary Keith Brown said: “I am delighted to have secured the agreement for a City Region Deal for Stirling and Clackmannanshire which will deliver over 5,000 new jobs and inclusive growth across the region.

“The Scottish Government has been fully committed to this deal throughout and I have been clear about the importance of this region to Scotland.

“That is why we are prepared to invest at the level we expected, to ensure the region delivers its economic potential. Our additional £5 million of investment means our total contribution to the people of Stirling and Clackmannanshire is £50.1 million.

“Our investments in the City Region Deal and beyond will ensure this region which has played a key role in Scotland’s rich history, will be able to make a positive contribution to Scotland’s future prosperity.”