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Town gets £50 million growth deal for infrastructure and industry



The new Falkirk Growth Deal is to be backed with £50 million of government investment announced today to drive economic recovery and growth in the area.

It will help support the chemical manufacturing industry at Grangemouth, innovation in low carbon technology, investment in infrastructure, transportation, innovation, energy transition and skills.

The UK Government will contribute £40 million and the Scottish Government £10 million, to be invested in the region over 10 years.

Economy secretary Fiona Hyslop said: “The Falkirk Growth Deal demonstrates our commitment to supporting the region and delivering long-term benefits to the local communities and businesses.

“We will continue to work with our partners in Falkirk and the UK Government, supported by our enterprise and skills agencies, to help them to consider proposals that will unlock investment and drive inclusive growth across the area, creating a fairer, greener and more inclusive wellbeing economy.

“The Scottish Government has now committed more than £1.8 billion to City Region and Growth Deals and related investments across Scotland.”

The Falkirk growth deal is the 11th such deal in Scotland.

Scottish Secretary Alister Jack added: “We know that City Region and Growth Deals will be vital to Scotland’s economic recovery from coronavirus.

“The Falkirk Growth Deal will enable the regional economy to innovate, boosting investment and providing sustainable, high-quality jobs.

“The pandemic has called for extraordinary economic measures, and the UK Government has done everything we can to support jobs and businesses.

“We have supported 900,000 jobs in Scotland with our furlough and self-employed schemes, including 18,500 in Falkirk.

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“This new deal brings the UK Government’s investment in growth deals across Scotland to £1.46 billion.

“We look forward to working with our partners in Falkirk and the devolved administration in Scotland to develop innovative and effective proposals.”



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