The Moray Growth Deal is looking to the future of Moray. The Moray Growth Deal is a regional deal designed to boost economic growth for the long term across the region and create projects addressing the issues that really matter to the people of Moray. It aims to transform the economy, address how we can encourage young people to stay and work in the area and address any gender inequality in employment.
Frequently Asked Questions
Q Is Moray in competition with other areas in Scotland for the funding?
R No, we are not in competition with other areas for a set amount of funding. Whilst government resources available to support growth and city deals are not infinite, we have attracted praise from both governments on our approach to developing the deal so far and believe this will help us.
Q How much money are we likely to get?
R At this stage we cannot say, but it is likely to be significant as the deal is about providing strategic projects which increase economic growth and benefit everyone in Moray.
Q What will the projects be?
R Unfortunately we are unable to give details of the projects as they are still being discussed before they are developed. The projects are designed to promote growth in areas important to the economy such as tourism and to address important issues faced by our communities.
Q What return on investment is being sought by government?
R There is no fixed target. Each project will have a different return on investment depending on factors like the level of investment required. It is likely to be more important that the projects are in line with policy.
Q What is the timescale for getting a deal?
R We are working to achieve a deal as soon as possible. We are aiming for the summer of 2018 to reach a deal in principle commitment (Heads of Terms).
Q What threats might impede progress on the deal?
R A wide range of issues might affect progress on the deal including the impact of Brexit, the Ministry of Defence review, large businesses with headquarters elsewhere, and A96 dualling.
Q Are you involving the voluntary sector?
R Tsi Moray has been involved in developing the bid from the start and we will look at how we can involve the voluntary sector in the coming engagement. Growth deals do not involve participatory budgeting within each community as they are designed to stimulate the economy at a strategic level, but a community based approach will be a major focus of the next community plan.
Q Can Community Councils apply for some funding?
R Growth deal funding is assessed based on identified projects which sit within the growth deal programme. It is not a pot of money which can be bid for, but there are other types of funding available for communities to bid for such as Money for Moray, the Moray Towns Partnership, Rural Regeneration and Participatory Budgeting funds.
Q If we have received funding previously, e.g. flood relief scheme, will this affect our chances of funding through the growth deal?
R Not directly. However, we may find that if the government has already made a prior funding commitment this may be viewed as part of the deal.
Q What is the Moray Growth Deal?
R It is a regional long-term deal which intends to transform the economy and boost economic growth across the Moray area. Its vision address issues specific to Moray and its projects are expected to address inclusivity and equality issues. It is called a deal because the projects need to meet the investment criteria of all partners – Scottish and UK Governments, Moray Council, partners and businesses.
Q How much funding will Moray get?
R It is too early to say at this point. Based on the feedback we get over the next few weeks, a plan will be put together with the appropriate request for funding to deliver this vision.
Q Where does the money come from?
R Scottish and UK Governments as well as from the private sector for projects relevant to businesses involved.