Getting the local economy back on its feet is the aim of the Economic Recovery Plan which was approved at Thursday’s (17 September) Emergency Executive meeting.
The finalised plan which has been subject to consultation, sets out a series of local actions to improve key business, place and strategic infrastructure and will include a range of projects in key areas which include:
- Targeting national level support for recovery
- Developing local partnerships for recovery
- Skills & employment support
- Communities, housing and infrastructure
- Business support
- Town centre action plan update
- Tourism action plan
Council Leader Cecil Meiklejohn said: “We cannot underestimate the impact the global pandemic and the subsequent lockdown has had on economies around the world.
“We know our local economy has suffered. It’s clear from our business survey that our local economy has been hit hard financially with just over 72% saying they had lost income this year.
“The economic recovery plan aims to support local businesses to recover fully from the impact of COVID-19 over the next two years by investing in skills and employment support, targeting national support for recovery and improving our local infrastructure.
“Through the Falkirk Economic Partnership we have already started to work on helping our local economy recover. This work looks to create capacity for renewal and growth, building on the plans for the Investment Zone and a Growth Deal bid which has secured £90 million of UK and Scottish Government funding for the area.”
At the end of July both the Scottish and UK governments indicated they will invest a total of £90m into Falkirk's economy as part of the Falkirk Growth Deal.