INVESTMENT of up to £90 million will be made by the Scottish Government and UK Government in the Falkirk area over the next ten years.
The money, which comes as part of the Falkirk Growth Deal, will look to support targeted economic development activity across a range of themes – including infrastructure, transport, innovation, energy transition and skills.
Regional Growth Deals are agreements between the Scottish Government, the UK Government and local authorities designed to bring about long-term strategic approaches to improving regional economies.
The Scottish Government has pledged up to £50 million in funding, with the UK Government investing £40 million.
Scottish economy secretary Fiona Hyslop said, “The Falkirk Growth Deal demonstrates our commitment to supporting the region and delivering long-term benefits to the local communities and businesses. We will continue to work with our partners in Falkirk and the UK Government, supported by our enterprise and skills agencies, to help them to consider proposals that will unlock investment and drive inclusive growth across the area, creating a fairer, greener and more inclusive wellbeing economy.
“The Scottish Government has now committed more than £1.8 billion to City Region and Growth Deals and related investments across Scotland.”