Falkirk is on track to see £67m of infrastructure investment works delivered over the next six years to help boost economic prospects across the area.
A recent report from Falkirk Council published on 13 February highlighted progress on Falkirk’s TIF (Tax Incremental Finance) scheme and has confirmed that major industry players - Henry Boot, Robertson Group and HFD Property have been appointed under a new agreement to help deliver developments on TIF sites if required.
Falkirk Community Stadium will also benefit from the introduction of 156 bay solar canopies and 20 new charging stations for electric bikes and cars, to be available all year round 24/7.
The Council has attracted market interest in one of the main TIF development sites, the Falkirk Gateway. Developers have noted the opportunities on this 30 acre site in the vicinity of Helix Park, the Falkirk Stadium and Forth Valley College’s new campus.
Their proposals will be assessed over the coming months in order to select those to proceed.
Cllr Cecil Meiklejohn, Leader of the Council said: “TIF is already delivering for businesses and residents in the Falkirk area and we still have a significant amount of work planned.
“Several prominent developers are keen to be on board with TIF and we’re confident that the sites we have identified will bring further investment and employment opportunities.”
The TIF has assisted in maintenance and creation of around 700 jobs and has attracted c£51m worth of inward investment has been created already by that aims to boost economic growth in the local area.