A £100m project which is set to deliver new homes, offices, food outlets and leisure facilities in Falkirk is on course to commence next year, following the signing of a new development agreement.
The move, which comes as joint venture partners Hargreaves Land and Fintry Estates have reached agreement with Falkirk Council, paves the way for a planning application later this summer for the 27-acre residential and commercial scheme at Falkirk Gateway.
The development, in an area to the east of the town, adjacent to the new Forth Valley College and Falkirk Stadium, will feature a mix of 100 new homes, a pub/restaurant and a 120-bedroom hotel.
More than 120,000 sq ft of commercial floorspace for retail and leisure facilities are proposed as part of a package of initiatives that will support the ongoing regeneration of Falkirk.
The plans promise around 400 full and part-time jobs in the construction, retail, office and hospitality and leisure sectors over the next 15 years.
The council is also carrying out a programme of road improvements to support the Falkirk Gateway, including upgrading roads around Falkirk's Westfield roundabout in a multi-million-pound investment to improve the flow of traffic in and around the area.
If the developers’ plans get the green light from Falkirk Council’s planning committee later this year, onsite work is expected to start in the second half of 2024, with completion of the scheme anticipated in 2026.
Councillor Cecil Meiklejohn, leader of Falkirk Council said: “This is a significant step forward for the economic regeneration of the Falkirk area and brings massive investment as well as hundreds of jobs.
“It will transform an area that has been empty for many years and we look forward to seeing the delivery of the project by 2026.”
Duncan McEwan, director at Fintry Estates and a former pupil of Falkirk’s Graeme High School, is the project lead. He said: “I’m very proud and excited to be working back in Falkirk, investing in the area and contributing to another significant chapter in the town’s long and illustrious history.”
David Anderson, group property director at Hargreaves Land, added: “We are delighted to secure an agreement with the council, which sees our ambitious plans set to move to the next phase.
“We are working with Fintry as joint venture partners to bring forward a fantastic scheme that will deliver new homes and growth for Falkirk, with new jobs and prosperity to follow for years to come.”
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