Bo’ness is likely to get its ‘‘fair share’’ of 6000 jobs to be created by a Falkirk Council plan to attract massive investment to the district.
Under the Tax Incremental Finance (TIF) Scheme, Falkirk Council is to borrow £67 million of public funds and attract as much as £413 million from private investment.
The cash will be used to speed up infra-structure schemes, such as motorway projects and will be paid off by future business rate income.
The scheme will create 500 construction jobs and up to 6000 permanent ones in the long term.
The announcement that the council was to be given the go-ahead to borrow the funds from the National Loans Board at competitive rates was made by Deputy First Minister Nicola Sturgeon and welcomed by council leader Craig Martin.
He said: “The effect of this very ambitious plan on Bo’ness will be a very positive one and will mean it is likely to get its fair share of jobs created. It will mean local jobs for local people.’’