Forth Green Freeport submits funding request
Forth Green Freeport (FGF) has submitted its full business case (FBC) to the Scottish and UK governments, marking a key milestone towards unlocking £25 million in seed funding.
This capital will target underdeveloped sites within the FGF area, driving economic growth and job creation in Scotland.
“This is a long-term project and through our thorough economic analysis, we know it will deliver significant benefits to both the local communities and the country as a whole,” said Sarah Murray chief executive of Forth Green Freeport.
“Although our FBC submission is a great step forward, we still have plenty to do over the coming months including the appointment of a strong delivery team.”
Launched in June 2024, FGF aims to boost investment in Burntisland, Grangemouth, Leith, and Rosyth. A projected £7.9 billion in private and public investment will generate up to 34,500 skilled green jobs over the next decade, with 16,000 direct jobs in key sectors such as offshore wind, hydrogen and sustainable fuels.
Priority projects include land preparation for an offshore renewables hub at Leith, energy system development at Babcock’s Rosyth site, utility expansion in Grangemouth, hydrogen infrastructure at INEOS, and the AGIC Skills & Innovation Centre in Rosyth.
“Our FBC outlines in fine detail how we will deliver our shared vision,” said Dame Susan Rice DBE, chair of Forth Green Freeport.
“Through strong public and private partnership and robust governance, Forth Green Freeport operates with the highest level of integrity which will be further reflected in our robust fair work and investment principles and our commitment to decarbonising the Forth area and to deliver for the local communities.”