£50 million funding boost for Falkirk

Fiona Hyslop, Economy Secretary

INVESTMENT of up to £50 million in the Falkirk area has been announced by the Scottish Government.

It comes as part of the Falkirk Growth Deal which aims to drive inclusive and sustainable economic recovery and growth across the region.

The money, which will be invested over 10 years, will fund 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 government designed to bring about long-term strategic approaches to improving regional economies.

The UK Government are investing £40 million in the deal. The funding from the Scottish Government matches that and provides an additional investment of £10 million which has been committed to support Falkirk’s ambitions for the green economy.

Announcing the funding Fiona Hyslop, economy secretary, 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.”

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