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Chancellor Commits to Advancing Ayrshire Growth Deal Amid Slow Progress

SPACE ECONOMY

Chancellor Rachel Reeves has committed to advancing the Ayrshire Growth Deal, which aims to boost the local economy across five sectors, despite only 5% of the £251 million budget being utilized since its approval five years ago. Currently, two projects are underway, including Irvine's Great Harbour plan and the Ayrshire Innovation Park, while a proposed spaceport at Prestwick Airport was abandoned last year. MP Elaine Stewart has called for the UK Government to expedite progress, highlighting the deal's potential economic benefits.

Chancellor Commits to Advancing Ayrshire Growth Deal Amid Slow Progress
Jan 30, 2026, 9:08 AM

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