Two cities are ‘twin engines’ of economy

Two cities are ‘twin engines’ of economy


 


26.10.04


 


 


Edinburgh and Glasgow are twin engines driving the Scottish economy and they should continue to work together to ensure their future success, a conference was told today


 


Minister for Finance and Public Service Reform Tom McCabe urged the two biggest cities to continue to compete internationally through collaboration.


 


He also confirmed an additional £40 million funding a year in real terms for Scotland’s six cities in 2006-07 and 2007-08, building on the £90 million Cities Growth Fund announced in 2003.


 


Mr McCabe said: ‘Cities matter. All successful economies are underpinned by successful regions with cities at their heart.


 


‘Vibrant, successful cities attract people to live, learn, work and visit – all of which are vital in driving economic growth. The Executive recognises the crucial role cities play in Scottish life. Building Better Cities and the Cities Growth Fund further demonstrate the importance we attach to cities.


 


‘All of our cities play an important role, but there is no doubt our two biggest cities are the twin engines driving the Scottish economy. But they achieve so much more when they work together – that is how they can ensure their future success.


 


‘Collaboration between cities is key to competing internationally. Other major European and world cities are the competition for Glasgow – not Edinburgh and vice versa.


 


‘Our Budget offers further support which will help our cities to turn their City-Visions into reality. An additional £40 million a year in real terms for our six cities will build on the £90 million Cities Growth Fund.’


 


Mr McCabe was speaking at seventh State Of The City Economy conference in the Glasgow Royal Concert Hall today.


 


The Executive’s framework policy for Scotland’s six cities – Building Better Cities – has been a catalyst for substantive and innovative action by Scotland’s six cities and their Community Planning partners since its publication in January 2003.


 


Source: Scottish Executive, www.scotland.gov.uk