Brexit blow to Edinburgh's £2bn City Deal

EDINBURGH'S long-awaited multi-billion pound City Deal has been delayed by Brexit, council bosses admitted.

Friday, 16th September 2016, 1:01 pm
Updated Wednesday, 5th October 2016, 12:56 pm
Edinburgh's city deal is worth £2bn.

Council leader Andrew Burns said the EU referendum and the resulting shake-up of the UK Government had caused a “slight elongation” of the plans.

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He said the deal to inject £2 billion of public money into the Capital would now be finalised as part of the budget in March next year – with a basic outline agreed by the Autumn Statement in November.

Bosses originally hoped to finalise the deal by the end of summer.