Lord Haughey to Oversee £1 Billion City Deal for Glasgow
Friday, 16 January 2015
Lord Willie Haughey and Glasgow University principal, Proffesor Anton Muscatelli have been appointed to oversee the £1.13 billion City Deal for Glasgow, which aims to regenerate deliver substantial economic growth to the city.
Lord Haughey, during a meeting held next week, will be appointed chair of the Glasgow and Clyde Economic Leadership Board. Professor Muscatelli will head the Commision on Urban Economic Growth. Both positions have been created to assist the City Deal by overseeingthe co-ordination whilst maximising wide economic development activity related to the initiative.
The City Deal, which has seen £500 million funded from both the Scottish and Westminister Governments, will be utilised to fund major infrastructure projects and address challenges in the city and its surrounding areas label market over the coming 20 years. It has been predicted that this will creat 15,000 construction jobs, 28,000 permanent jobs and unlock £3.3bn of private sector investment.
Speaking of the deal Lord Haughey said: "The City Deal has the potential to deliver outstanding economic growth through job creation across this region and I am honoured and privileged to have been asked to play a part."
Professor Muscatellie added: "This is a crucially important as well as a very exciting time for the Glasgow City region. In bringing together the expertise and innovation of business, universities and other stakeholders we can really help ensure that the future continues to be one of economic and social development and regional success."
Speaking of both, Councilor Gordon Matheson, Leader of Glasgow City Council, commented: "Lord Haughey and Professor Muscatelli are highly accomplished and respected in their fields which are directly relevant to the role they will provide as part of City Deal governance."