Proposals revealed to energise Falkirk

L Plans for multiuse development could drive £150m boost for economy

It is also expected that the masterplan could generate an estimated overall boost of £150m for the economy as a whole.

Bellair said the creation of 300 new homes could attract around 1,000 residents to the area, boosting spend, adding that the regeneration project would also support 500 jobs due to delivering the new commercial space and could create around 100 construction jobs in each year of construction.

Campbell noted that in Scotland and elsewhere in the UK, out-of-town developments have “seen the hearts literally ripped out of communities”, adding: “Our vision would do the exact opposite.”

He said Bellair has seen evidence of demand for business space, and citing successful regeneration schemes in the likes of Dundee and Perth, Campbell argued that the Falkirk development will help encourage people back into Falkirk’s historic town centre, creating extra footfall for existing businesses and attracting new names.

He added: “I’ve invested significantly to develop this vision, assess its feasibility and present a viable investment and development opportunity for both the public and private sector.” The plan is on display at The Falkirk Business Hub.