Dundee City Council has submitted a bid for £5m in Levelling Up cash which would be used to tackle the city’s troubled local economy.
The money will be provided by the UK Government under the Shared Prosperity Fund set up to replace EU financial support that enabled projects in Dundee from the 1980s onwards. Under the scheme, a total of £5.609 million is set be funnelled to the city council beginning in October, through to 2025.
Following submission of the investment plan, there will be negotiations with the UK Government before initial funding can be released in October. A report outlining the bid, which was agreed by Dundee City Council’s sub-recess committee on Monday, outlines some of the major challenges the city faces.
