Galloway and West Dumfries MSP Finlay Carson has welcomed the official signing of the Borderlands Growth Deal.
The Scottish Conservative and Unionist MSP believes it is another economic boost for the region, following the recent passing of South of Scotland Enterprise Bill.
Mr Carson believes the Borderlands Growth Deal showcases the UK and Scottish Government's working together and backed the plans which will see funding for vital sectors in his constituency, including renewable energy, agriculture, digital connectivity and tourism.
He also welcomed the Scottish Government heeding his calls for funding for an expansion of Stranraer Marina and has called on Dumfries and Galloway to make the plans on expansion and the wider regeneration of the waterfront their number one priority.
Commenting Finlay Carson MSP said: "The signing of the Borderlands Growth Deal is an important economic milestone for the region.
"It follows the successful passage of the South of Scotland Enterprise Bill, showing that the economic and social needs of this region are at long last starting to addressed.
"The Growth Deal highlights the benefits of the UK and Scottish Government's working together and I warmly welcome the important funding for vital sectors like renewable energy, agriculture, digital and tourism.
"It is also pleasing to see the Scottish Government heading my constant calls for funding for Stranraer marina expansion and I hope now Dumfries and Galloway Council can layout the exact timescales and their plans for kickstarting the long awaited waterfront project, which will be such a boost for the area.
"I will be continuing to press for this funding to be delivered as soon as possible to deliver for residents and businesses right across the region."