MORAY Council is set to submit a bid for £18.29 million to the UK Government's Levelling Up Fund that could spark the regeneration of Elgin town centre.
With several local authorities across Scotland expected to apply for the same funding, it will be a competitive process. However, if approved, funding will support the Elgin town centre masterplan, which councillors signed off on in November.
The masterplan, with help from levelling up funding, will offer economic, social and environmental benefits to Elgin – including the creation of dozens of jobs.
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Sarah Medcraf - CE of Moray Chamber of Commerce said:
“An investment of this size in to Elgin is significant for the whole region. The impact that this will have locally and regionally is exciting to see and I am hopeful that this bid will be accepted by the UK government in the Autumn. Moray will grow and improve through collaboration and whilst this particular fund is Elgin centre focussed, there is a number of other Moray wide projects which I hope to be celebrating the near future too.”