The £148.7 million Falkirk and Grangemouth Growth Deal has been signed by Scottish and UK Governments as well as Falkirk Council as part of a package that will strengthen the local economy.

Up to 1,660 jobs and £628 million worth of economic benefits are expected to flow into the area over the next 10 years as a result of the delivery of the Deal.

The agreement means 11 projects can be taken forward that include the development of a Carbon Dioxide Utilisation Centre and a Bioeconomy Accelerator Pilot Plant in Grangemouth; a new Canal Centre and workshop at Loch 16 in Camelon; a Skills Transition Centre at Forth Valley College, Falkirk; and the transformation of unused land at three sites in Grangemouth to create development-ready investment opportunities.

The £80 million Growth Deal is jointly funded by the Scottish and UK Governments and is complemented by a further £10 million from the UK Government (Department for Energy Security and Net Zero) for future energy related projects in Grangemouth and £10 million allocated to the Greener Grangemouth programme from the Scottish Government.

With Falkirk Council investing £45 million and Scottish Canals investing £3.7 million, the overall Growth Deal investment is £148.7 million.

The Growth Deal was signed at the new Rosebank Distillery in Falkirk by Deputy First Minister Kate Forbes, Westminster MP Ian Murray and Councillor Cecil Meiklejohn, Leader of Falkirk Council.

Forbes said: “The Falkirk and Grangemouth region has a rich history with a strong industrial heritage, a proud community and significant tourist attractions.

“The Scottish Government’s £50 million investment will deliver projects to ensure the area continues to thrive, bringing jobs, active travel links, future skills training and new arts and cultural spaces.

“The Growth Deal will support the region to grasp the opportunities of the transition to net zero and remain at the forefront of innovation and manufacturing in Scotland, complemented by a community-led programme of projects in Grangemouth.”

Murray said: “The signing of this deal shows our commitment to the Falkirk and Grangemouth area as it delivers £50 million in UK Government funding. It is part of the £1.4 billion the UK Government is investing in Scottish growth projects over the next decade.

“Growth is a key mission for the UK Government and a top priority of the Scotland Office. Our funding, coupled with investment from the other partners, will drive renewal and generate more than 1,000 jobs and hundreds of millions of pounds of economic benefits for these communities.

“The area’s economic potential is huge and I look forward to seeing this and many other examples of partnership working deliver growth for Scotland.”

Meiklejohn said: “The Growth Deal is a turning point for our community, bringing jobs, investment, and sustainable development. We are proud to partner in this project, which will elevate Falkirk and Grangemouth as vibrant, connected, and forward-looking areas for residents, businesses, and visitors alike.

“It is one of a suite of programmes and major investment opportunities set for delivery in 2025. The Growth Deal Skills Transition Centre, Canal Centre and Falkirk Arts Centre will progress at pace in 2025, the Falkirk Tax Incremental Finance programme is already delivering results with projects such as the A9/Grandsable Road junction completed earlier this year, and the Forth Green Freeport now open for business and actively promoting investment opportunities in the area. It is an exciting time for the Falkirk Council area.”

The 11 projects that will be delivered as part of the Falkirk and Grangemouth Growth Deal:

• The Falkirk Arts Centre – £6 million (£3m UKG/£3m SG) will be allocated to the construction of a new Arts Centre in Falkirk Town Centre.
• Scotland’s Canal Centre – Led by Scottish Canals, the £7.7m project (£4m from the Deal) will revitalise a neglected area of the canal network, restoring three derelict warehouses and building a new operational hub.
• Scotland’s Art Park – Working in partnership, Scottish Canals and Falkirk Council will use £3 million to create an Art Park trail along the Forth and Clyde Canal.
• Falkirk Central Sustainable Transport Network – £21m will be invested in two interconnected projects – Rail Station and Interchange Hub and the Green Cycling and Pedestrian Network – to improve Falkirk’s public and active travel infrastructure.
• Skills Transition Centre – Led by Forth Valley College, the £4m project will establish the STC, bringing together partners to develop the skills needed to support the transition to Net Zero.
• Strategic Sites – Addressing a shortage of development-ready strategic investment sites, the project will use £10 million from the UK government to improve and prepare currently unused land at potentially three key sites.
• Grangemouth Sustainable Manufacturing Campus (GSMC) includes two linked projects:
  • Carbon Dioxide Utilisation Centre – £10m (£9m UKG/£1m SG) will be invested to establish the CDU Centre that will capture CO2 to manufacture more sustainable products and aid the transition to net zero.
  • Bioeconomy Accelerator Pilot Plant – £10m (£9m UKG/£1m SG) will be invested to develop new sustainable processes using feedstocks such as food processing and whisky by-products.
• Transport, Renewables and Career Exploration Hub – Investing £10m (£9m UKG/£1m SG) to create the Hub that will serve as a focal point for industry and education, enhancing local skills and advancing green growth ambitions.
• Future Energy Related Projects – £10m will be invested to support the Grangemouth economy as it transitions.