The City Region Deal will not be agreed before the local government elections, but is expected soon after.
A spokesperson for the Region said: “In announcing the Spring Budget earlier this month, the Chancellor cited the good progress being made towards securing a City Region Deal for Edinburgh and South East Scotland, referencing the constructive discussion with local partners and the Scottish Government to achieve this.
“Scottish and UK governments have this week informed the Regional Partnership, that given we have now entered the pre-election period, the deal will be completed as soon as possible after the local government elections in May. An exchange of letters has taken place confirming that commitment’’.
“We remain focused on delivering greater powers for our region and funding towards strategic housing, transport and infrastructure that will enable the region to become the most connected, creative, inclusive and innovative place in Europe.”