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Historic Scotland celebrates £10m windfall

Category: Scottish Investment — Gary Cain on February 6, 2013

Twelve historic areas in Scotland have been awarded over £10m in order to stimulate their local economies and invest in their landmark standing.

The cash, which comes by way of the Historic Scotland’s Conservation Area Regeneration Scheme, sees four sites each receive £1m or more.

Falkirk receives the lion’s share of the cash; awarded £1.6m. Kirkwall has been awarded £1.2m, whilst both Cupar and Parkhead Cross celebrate £1m awards.

The other sites receiving money are Banff, Elgin, Galston, Gorebridge, Inveraray, Kilbirnie, Kirriemuir and Selkirk.

Announcing the funding, Culture Secretary Fiona Hyslop said:

“Our historic environment plays a key role in communities and this funding provides an opportunity to invest back into the historic fabric and back into the heart of communities. It also crucially provides the opportunity to stimulate economic regeneration, a key priority in today’s economic climate, be that through a new end use or rejuvenating an existing facility.”

In many historic areas of the country, economic stimulation is much needed. Many firms are already working with a commercial finance broker to help with this, and the injection of the conservation cash will complement these efforts.

The scheme has already proved successful across Scotland which, since its introduction in 2005, has seen four application rounds.

The successful regeneration of many areas has been helped by the money, whilst many environmental initiatives have also been introduced as a direct result.

Dalkeith, for example, where Hyslop made the latest funding announcement, has seen significant expenditure on many historically significant buildings and sites.

'Disclaimer: The information contained in these articles is of a general nature and no assurance of accuracy can be given. It is not a substitute for specific professional advice in your own circumstances. No action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a consequence of the material can be accepted by the authors or the firm.

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