The £100 million Falkirk and Grangemouth Growth Deal is being officially signed today.
Scottish Secretary Ian Murray, deputy First Minister Kate Forbes, and Falkirk Council leader Cecil Meiklejohn are signing the deal today.
It was first confirmed back in 2021.
The deal aims to boost investment in the area - as well as creating jobs.
Councillors have already discussed plans to invest the money in the area.
Planned projects include a new £21 million transport hub in Falkirk.
It also includes funding for a new Falkirk Town Hall - with a 550 seat auditorium.