A City Deal that will provide more than £1.1bn for Edinburgh and the surrounding area has been agreed.

The major funding agreement aims to boost economic growth in and around Scotland's capital, with the goal of creating 21,000 jobs.

The UK and Scottish governments are each contributing £300m towards the deal, with a further £501m coming from local authorities.

Projects supported by the deal include £10m towards a new concert venue in St Andrews Square, which will be the home of the Scottish Chamber Orchestra.

A new centre for research into robotics, known as the National Robotarium, will be set up by Heriot-Watt and Edinburgh universities.

Further funding will go towards improvements on the A720 city bypass.

The Edinburgh and South East Scotland City Region Deal involves Edinburgh council, as well as the local authorities in the Lothians, the Scottish Borders and Fife.

The areas have a combined population of 1.3 million, almost a quarter of Scotland's population.

It was originally hoped the deal could be sealed by March this year but it was pushed back until after the June general election as negotiations continued.

Edinburgh City Council leader Adam McVey, speaking on behalf of all of the local authorities, said: "I am delighted that this ambitious deal for the region has now been agreed, creating up to 21,000 new jobs.

"This will allow us to transform the area delivering high quality jobs, housing, critical infrastructure, a new skills programme and a world-class concert hall.

"The significant investment in innovation and culture is also to be welcomed as they are both hugely important to the region's economy."