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    Heads of terms signed on Falkirk Growth Deal

    Written by on December 20, 2021

    Heads of terms on the Falkirk Growth Deal are being signed today.

    The agreement will see £80 million invested in the region by the UK and Scottish Governments – with £45 million from Falkirk Council.

    It includes plans to help Grangemouth transition to net zero, build a “regionally significant” arts centre in the area, and create a new national outdoor art park.

    The deal is being signed by Finance Secretary Kate Forbes, Falkirk Council leader Cecil Meiklejohn, and UK Government minister Iain Stewart.

    It’s hoped the agreement will create 2000 jobs in the area, and attract up to £1 billion of investment.

    Scottish Government Economy Secretary Kate Forbes said:

    “The Scottish Government’s £40 million investment in the Falkirk Growth Deal and our £10 million additional investment will enable inclusive and sustainable economic growth for the area, creating a fairer and greener economy.

    “The deal will help regenerate town centres, create new cultural attractions, transform local transport, reskill the workforce and help decarbonise industry.

    “Our investment will ensure communities from across Falkirk and the surrounding area benefit from opportunities created and highlights our commitment to invest in our places and people.”

    UK Government Minister Iain Stewart said: “Today’s landmark signing will deliver transformative investment in Falkirk and the surrounding areas, including £40million from the UK Government.

    “The deal will create and protect jobs in the area through innovative projects such as supporting Grangemouth petrochemical complex’s transition away from fossil fuels with the creation of a centre of excellence in carbon capture as we move towards net zero.

    “Skills and training will get a boost too with the creation of sites for sustainable manufacturing that will encourage further investment.

    “The creation of an exciting new art centre will not only heighten the cultural offering for the local community, it will also aid tourism. Making public transport cleaner, greener and more accessible with a new transport hub will encourage visitors.

    “This Deal is part of £1.7billion the UK Government is investing in levelling up communities right across Scotland.”

    Councillor Cecil Meiklejohn, Leader of Falkirk Council said: “This investment by the UK and Scottish Governments will bring a massive economic boost to the local area and has the potential to create up to 2000 jobs and attract £1bn of private sector investment. A lot of hard work has gone into securing this deal, which will help us deliver on our Council priorities and our Council of the Future transformation programme.”