£100m Falkirk and Grangemouth Growth Deal signed
- 15 November 2024, 12:12
A £100 million Growth Deal has been signed between the UK and Scottish governments and the Falkirk and Grangemouth councils, aiming to boost the economy of the area.
The deal will provide funding for a range of projects, including:
- £20 million for the Falkirk Growth and Innovation District, which will create a new innovation hub and business park
- £20 million for the Grangemouth Investment Zone, which will support the development of new businesses and jobs in the area
- £15 million for the Forth Valley College Campus, which will provide new training and education opportunities for local people
- £10 million for the Falkirk Stadium, which will be redeveloped to create a new sports and leisure facility
- £10 million for the Grangemouth Town Centre, which will be regenerated to create a more vibrant and attractive place to live, work and visit
The Growth Deal is expected to create up to 3,000 new jobs and boost the local economy by £500 million over the next 10 years.
Speaking at the signing ceremony, UK Government Minister for Scotland Iain Stewart said:
“This Growth Deal is a major investment in the future of Falkirk and Grangemouth. It will create jobs, boost the economy, and make the area a more attractive place to live, work and visit.
“We are committed to working with the Scottish Government and local councils to support economic growth and prosperity across Scotland.”
Scottish Government Minister for Business, Trade, Tourism and Enterprise Ivan McKee said:
“This Growth Deal is a significant investment in the Falkirk and Grangemouth area. It will help to create jobs, boost the economy, and improve the quality of life for local people.
“We are pleased to be working with the UK Government and local councils to deliver this ambitious project.”
Falkirk Council Leader Cecil Meiklejohn said:
“This Growth Deal is a game-changer for Falkirk and Grangemouth. It will provide the investment we need to create jobs, boost the economy, and improve the quality of life for local people.
“We are grateful to the UK and Scottish governments for their support and look forward to working with them to deliver this exciting project.”
Grangemouth Council Leader Steven MacDonald said:
“This Growth Deal is a major opportunity for Grangemouth. It will help to create jobs, boost the economy, and improve the quality of life for local people.
“We are delighted to be working with the UK and Scottish governments and Falkirk Council to deliver this ambitious project.”
£100m Falkirk and Grangemouth Growth Deal signed
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