Tayside and Central Scotland

Falkirk 'gateway' unveiled by council

Urban Image copyright Falkirk Council
Image caption Work on the new quarter is expected to start in 2017

Falkirk Council has revealed plans to create a new "urban quarter" on the eastern side of the town.

The £17m project will create a more "sophisticated" and environmentally-friendly infrastructure in the area to attract private investors.

The council said it wanted to stimulate development over a 376-acre area and create better connections with the town centre and Grangemouth.

Funding will come from a Tax Incremental Finance (TIF) initiative.

TIFs are a way of funding public infrastructure projects that "unlock regeneration".

They work by using using predicted future tax gains - generated by the development - to finance the borrowing required for such big developments.

Falkirk Council's vision for its "Gateway" urban quarter was presented at a meeting of the executive on Tuesday.

The area takes in Falkirk Community Stadium, land earmarked for the new £70m Forth Valley College campus and Helix Park - home of the Kelpies.

Work on the site is due to start in 2017.

The leader of Falkirk Council, Craig Martin, said: "These exciting plans for a new sustainable urban quarter signal another step in the transformation of Falkirk's economic fortunes.

"The Gateway is a prime site to attract jobs, investment and development for our area."

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