The Scottish and UK Governments have both confirmed investments of up to £40 million as part of the Falkirk Growth Deal. The Scottish Government has also committed to an additional investment of £10 million to support Falkirk’s ambitions for the green economy, making the total funding up to £90 million. The investment will 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. Discussions are ongoing about how much of the investment will focus specifically on tourism.
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 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.