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PROJECTS APPROVED FOR OBJECTIVE 5b FUNDING LAST YEAR

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Annual reports submitted to the European Commission, outline progress made for the approval of funding under Object...
Annual reports submitted to the European Commission, outline progress made for the approval of funding under Objective 5b Programmes in the Borders, North and West Grampian, Rural Stirling/Upland Tayside, and Dumfries & Galloway.

Figures show that a total of 510 projects have received approval, with £40m of funding allocated.

Commenting on the success of the programmes so far, George Kynoch, minister for industry at the Scottish Office said:

'I am delighted that the benefits of Objective 5b funding are beginning to make an impact. Thanks to the work of the individual partnerships, real progress is being made. We will continue to monitor progress, and subsequent reports will deliver more detailed information on the benefits from each Programme. I fully expect that future projects approved under the remaining £80.7m of funding, will continue to provide the best value for money to the benefit of the local communities.'

Ninety-four projects were approved under the Borders Programme taking up almost 40 per cent of the funds available, some £10m, in that area.

In North and West Grampian 177 projects were approved with a commitment of almost £12m, some 34 per cent of the funds available. Six million pounds were committed to 120 projects in Rural Stirling/Upland Tayside representing 30 per cent of the available funds.

Dumfries & Galloway area approved 119 projects worth almost £12m; some 30 per cent of the funds available.

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