Kirkcaldy is in line for a £1 million cash boost as part of plans to help regenerate the town centre.
The announcement is being made this morning (Thursday) at the launch of the new Fife Economic Strategy 2013-2023 by Fife Council leader Alex Rowley as part of new investment plans.
Mr Rowley will reveal the town centre funding allocation as the Council and the Fife Economic Partnership set out an ambitious new 10 year economy strategy for the Kingdom.
He told The Press the investment for Kirkcaldy, to be included in next month’s Fife Council draft budget proposals, follows the success of a similar project in Dunfermline.
Last year Dunfermline was given a one-off million pound cash boost from the Labour-led administration and the money has been used to fund various community schemes including new digital signage, wi-fi, lighting up historical buildings across the city centre and a new arts facility.
Mr Rowley said: “The million pound investment in Dunfermline last year is making a visible difference whether that is the new digital signage and wifi investment, the investment in Christmas lights or the new exciting arts centre. These are all projects done in partnership with the town centre traders making a big difference.
“We also introduced a £500,000 town centre budget to bring about improvements to the smaller town centres and again this has proven to be a major success, so much so it is our intention to expand that programme through new investment in this year’s budget including a £1 million investment for Kirkcaldy town centre based on the investment success of the Dunfermline project.”
He said the funding for Kirkcaldy town centre will be brought forward for consultation in the draft budget proposals next month and if approved, they will feature in next year’s Fife Council budget with Kirkcaldy Area Committee deciding how the money should be spent.
He said: “Fife Council alone can’t tackle the economic difficulties our town centres are facing - we need to do it by working in partnership and we are doing this in Kirkcaldy by working with groups like Kirkcaldy4All and the area committee. We are giving a clear commitment to regenerating our town centres.”
As well as announcing the investment proposals at today’s meeting, Mr Rowley will also call on employers across the Kingdom to support moves to get more young people into jobs and apprenticeships: “We need to take action now to support the many people who are currently struggling to make progress into the world of work.”
He added: “By working together with employers and persuading them to give our young people a chance, we can start to create a better future for them.”
This morning’s launch of the Fife Economic Strategy is taking place at the Queensferry Hotel in North Queensferry.