TIF INVESTMENT PROGRAMMEThe <strong>Falkirk</strong> TIF proposes a programme <strong>of</strong> seven strategic <strong>in</strong>frastructure projects.Projects range from contribut<strong>in</strong>g to <strong>the</strong> fund<strong>in</strong>g <strong>of</strong> <strong>the</strong> Grangemouth Flood ProtectionScheme, road improvements to <strong>the</strong> M9 junctions 5 and 6, part fund<strong>in</strong>g <strong>of</strong> <strong>the</strong> Avon Gorgebypass <strong>in</strong> additon to road enhancements around <strong>the</strong> Westfield roundabout, A904 andtributary Icehouse Brae. The TIF will fund a number <strong>of</strong> site-specific enabl<strong>in</strong>g <strong>in</strong>frastructureprojects targeted to unlock stalled developments on a number <strong>of</strong> key development sites<strong>in</strong>clud<strong>in</strong>g <strong>the</strong> prom<strong>in</strong>ent <strong>Falkirk</strong> Gateway and <strong>Falkirk</strong> Stadium sites.This programme <strong>of</strong> works is summarised below:Figure 1: F<strong>in</strong>alised list <strong>of</strong> TIF <strong>in</strong>frastructure projectsFund<strong>in</strong>g SourceCost TIF O<strong>the</strong>rReference Project £’000 £’000 £’000A Grangemouth Flood Protection 100,000 10,000 90,000C M9 Junction 6 Earlsgate Signalisation 2,191 2,191 -D M9 Junction 5 Cadgers Brae Signalisation 5,213 5,213 -E Icehouse Brae Upgrade 2,500 2,500 -G Westfield roundabout and A904 16,847 16,847 -I M9 Junction 4 Lathallan Upgrade 3,000 - 3,000J A801 Avon Gorge Upgrade 26,680 6,670 20,010K Development Site Specific Enabl<strong>in</strong>g Works 19,809 14,405 5,404Total 176,240 57,826 118,414Source: <strong>Falkirk</strong> CouncilThe geographic impact <strong>of</strong> this programme <strong>of</strong> works is considerable and <strong>the</strong> location <strong>of</strong> <strong>the</strong>constituent strategic <strong>in</strong>frastructure projects are illustrated <strong>in</strong> <strong>the</strong> Figure 2 map opposite.The TIF expenditure pr<strong>of</strong>ile <strong>of</strong> <strong>the</strong>se projects totals £67m (£58m <strong>in</strong> real terms) across <strong>the</strong> first11 years <strong>of</strong> <strong>the</strong> 25 year period <strong>of</strong> <strong>the</strong> TIF project. This would see <strong>the</strong> construction <strong>of</strong> <strong>the</strong> firstproject commence <strong>in</strong> April 2013, with <strong>the</strong> overall delivery pr<strong>of</strong>ile summarised below.Figure 3: TIF <strong>in</strong>frastructure programme <strong>in</strong>vestment pr<strong>of</strong>ileThe <strong>Falkirk</strong> &Grangemouth areais an exist<strong>in</strong>gmanufactur<strong>in</strong>g successstory contribut<strong>in</strong>g43%GVA compared to17% nationally.Source: <strong>Falkirk</strong> Council / Ernst & Young08 <strong>Falkirk</strong> TIF Summary / December 2012
Figure 2: <strong>Falkirk</strong> TIF overviewKEY1 <strong>Falkirk</strong> Wheel2 Tamfourhill3 Rosebank4 <strong>Falkirk</strong> Town Centre5 Williamson Street6 Callendar Road7 Mungalend8 Abbotsford Bus<strong>in</strong>ess Park9 <strong>Falkirk</strong> Gateway10 Caledon Bus<strong>in</strong>ess Park11 Callendar Bus<strong>in</strong>ess Park12 Stadium Site13 Helix14 Glensburgh15 Earls Road16 Wood Street17 South Bridge Street18 Grangemouth Docks (Z3)19 Grangemouth Docks (Z2)20 Grangemouth Town Centre21 Grangemouth Docks (Z4)22 Wholeflats23 Gilston24 Whitecross25 K<strong>in</strong>neil Kerse30 Tillyflats31 INEOS SiteReproduced by permission <strong>of</strong> Ordnance Surveyon behalf <strong>of</strong> HMSO. © Crown copyright anddatabase right 2012. All rights reserved.Ordnance Survey Licence number 100023384December 2012 / <strong>Falkirk</strong> TIF Summary 09
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