£100m Falkirk and Grangemouth Growth Deal signed
The UK and Scottish governments have signed a £100 million Growth Deal for Falkirk and Grangemouth, which will create jobs and boost the economy in the area.
The Growth Deal is a 15-year investment that will support a range of projects, including:
- A new £30 million Advanced Manufacturing Innovation District in Grangemouth, which will create a world-leading centre for advanced manufacturing and engineering
- A £20 million investment in the Falkirk Town Centre Masterplan, which will regenerate the town centre and create new jobs
- A £15 million investment in the Forth Valley College Falkirk Campus, which will provide new and improved facilities for students
- A £10 million investment in the Falkirk Community Trust, which will support a range of community projects
The Growth Deal is expected to create 5,000 new jobs and boost the local economy by £1 billion over the next 15 years.
Scottish Secretary Alister Jack said:
“This £100 million Growth Deal is a major investment in the future of Falkirk and Grangemouth. It will create jobs, boost the economy, and improve the quality of life for local people.
“The UK government is committed to working with the Scottish government to deliver this Growth Deal and to ensure that Falkirk and Grangemouth reach their full potential.”
Scottish Government Economy Secretary Kate Forbes said:
“This Growth Deal is a significant investment in the Falkirk and Grangemouth area, and it will make a real difference to the lives of local people.
“The projects that will be supported by the Growth Deal will create jobs, boost the economy, and improve the quality of life for local people. I am delighted that the UK and Scottish governments have been able to work together to deliver this investment.”
The Falkirk and Grangemouth Growth Deal is one of eight Growth Deals that have been signed between the UK and Scottish governments. The other Growth Deals are:
- Aberdeen City Region Growth Deal
- Argyll and Bute Growth Deal
- Ayrshire Growth Deal
- Borders Railway Growth Deal
- Edinburgh and South East Scotland City Region Deal
- Glasgow City Region City Deal
- Inverness and Highland City Region Deal
The Growth Deals are part of the UK government’s commitment to invest in infrastructure and economic development in Scotland. The Growth Deals are expected to create 100,000 new jobs and boost the Scottish economy by £10 billion over the next 15 years.
£100m Falkirk and Grangemouth Growth Deal signed
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