Innovation is recognised as the most effective route to productivity growth. Moreover, there is a proven link between businesses that meet their international ambitions and those that choose to innovate. Scotland’s innovation record is currently below the ambition of the Scottish Government for Scotland to be a first quartile OECD country.
More than 490,000 people, or about 10% of the country’s population, live in the area covered by the Tay Cities Region Deal.
It includes the cities of Dundee and Perth as well as Angus and the north part of Fife.
The growth rate in employment of 0.7% per annum across the Tay Cities region is less than the Scottish average of 1.2%.
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We are committed to supporting a deal for the Tay Cities Region, given the importance of its economy to North East Fife and the contribution that Fifers make to it. This Deal is set to inject a step-change in economic growth in the entire Tay area, will help to reduce inequality and create a more prosperous future for all.
Perth is the former capital of Scotland and Scotland’s newest city, serving the 150,000 population of Perthshire and Kinross-shire. The city’s key strengths today include:
Angus is on the east coast of Scotland, where the Tay meets the North Sea. The county is diverse, rich in history, skilled in manufacturing and leaders in food production. Our ambition for the future is fuelled by the entrepreneurial spirit of our businesses, our talented workforce and investment in our infrastructure.
We have a population of almost 117,000, resident in seven vibrant burghs – Arbroath, Forfar and Montrose are the largest – and dozens of villages and rural communities.
Economy
Positioned on the beautiful banks of the River Tay, Dundee is a young, educated and cosmopolitan city, in a strategic location with excellent communication links and all the facilities expected of an economic and employment centre.
The city offers high quality infrastructure, excellent educational institutes, and range of leisure amenities, but with low cost living and employment.
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