The new £60 million funding commitment to the Michelin site in the city will turn “Dundee into the place to be” according to the Scottish Finance Secretary.
Scottish income tax rates must remain competitive with the rest of the UK or risk “long-term damage” to the economy, CBI Scotland has warned ahead of the Budget.
Workers at Michelin were the last to know their jobs had been scrapped, as the firm took four weeks to notify staff and held crunch talks with Scottish Government ministers.
Workers at the Michelin tyre factory in Dundee today told how news that the plant is to close with the loss of almost 850 jobs came "out of the blue" after they received text messages calling them to a meeting to confirm its closure.
The Scottish Government has launched an economic action plan, including an £18 million fund for advanced manufacturing and the piloting of two new “productivity clubs” for businesses.
Holyrood Finance Secretary Derek Mackay has said his budget would boost local services despite Labour claims a reduction in cash for councils would see the "heart ripped out of public services".