The Borderlands region comprises the 5 local authority areas of Carlisle city, Cumbria county, Dumfries and Galloway, Northumberland county and Scottish Borders. The Borderlands authorities have been working together since 2014 to develop a strong working relationship, and a joint strategy to secure investment for priority projects that will accelerate economic growth for the benefit of individuals, businesses and communities across the region.
The UK and Scottish governments will work collaboratively with the Borderlands Partners to deliver a deal that will help to transform the regional economy. Both governments are committed to continuing their support for the region to harness its full economic potential.
This “Heads of Terms” document defines the broad activities that the governments hope to support, subject to business cases that confirm these activities are viable, value for money, sustainable and State Aid compliant to the satisfaction of both governments. It does not form a legally binding contract.
The combined investments of the UK and Scottish governments will commit up to £350 million to the Borderlands Growth Deal. Local authority partners will contribute up to £44.5 million towards the deal. Taken together this will result in a significant overall growth deal package worth up to £394.5 million for the region. Borderlands Partners predict that the proposed interventions will generate around £1.1 billion of Gross Value Added uplift and deliver around 5500 jobs in the region.