The Deal, signed by the UK and Scottish Governments, will fund 11 projects, including:
• A Carbon Dioxide Utilisation Centre
• A Bioeconomy Accelerator Pilot Plant
• A new Canal Centre
• A Skills Transition Centre
• Development of unused land for investment opportunities
The total investment in the project is £148.7 million, with contributions from the UK and Scottish Governments, Falkirk Council, and Scottish Canals. The deal is expected to drive economic growth, create jobs, and enhance the region's sustainability.
Kate Forbes, Deputy First Minister and Cabinet Secretary for Economy and Gaelic 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.
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"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."
Ian Murray, Secretary of State for Scotland, 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."
Councillor Cecil Meiklejohn, Leader of Falkirk Council 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."
