Cash boost for urban regeneration

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Urban regeneration projects in the west of Scotland will receive a £30m cash injection, it has been announced.

The new funding will be shared by redevelopment schemes in Inverclyde, Irvine Bay and Clydebank.

The news comes just weeks after the announcement of £62m to support the Clyde Gateway project.

Riverside Inverclyde Urban Regeneration Company, Irvine Bay Urban Regeneration Company and Clydebank Rebuilt will get the money between 2008 and 2011.

Communities Minister Stewart Maxwell said: "This government is absolutely committed to the regeneration of some of our most disadvantaged communities and the money we are investing in the urban regeneration companies (URCs) will help make that goal a reality.

The money will allow us to take forward our plans on the riverside and for a transport hub in the town centre over the next two years John McFall MPClydebank Re-built

"Each of them has exciting plans for their area to bring new housing, infrastructure, jobs and leisure facilities, which will lead to the long-term revitalisation of communities that have been neglected for too long."

Riverside Inverclyde is to receive £19m over the next three years.

Its plan will see new residential, commercial, office and retail facilities created along the Inverclyde waterfront.

'Transport hub'

Irvine Bay has been allocated up to £6m over the next three years, pending the completion of the URC's business plan.

Clydebank Rebuilt - which is to receive £5m for 2008/09 - has been operating for more than four years and has already been awarded £13.8m in government funding.

The chairman of the Clydebank Re-built board, John McFall MP, said: "We welcome the Scottish Government's confidence in Clydebank Re-built in providing a further £5m support for the town's regeneration projects.

"The money will allow us to take forward our plans on the riverside and for a transport hub in the town centre over the next two years."