On January 15, 2026, the Forth Green Freeport (FGF) announced a significant agreement that will release £25 million in seed funding from the UK Government. This funding is intended to facilitate the reindustrialisation of the Edinburgh, Fife, and Falkirk regions, with the goal of attracting a total of £7.9 billion in public and private investment over the next decade.

The announcement was made at the Port of Leith, where key figures including Parliamentary Under Secretary of State for Scotland, Kirsty McNeill, and Deputy First Minister, Kate Forbes, were present alongside FGF Chair Dame Susan Rice DBE and CEO Sarah Murray. Local council representatives from Fife, Falkirk, and Edinburgh also attended the signing of a Memorandum of Understanding (MoU) that formalizes this funding arrangement.

The £25 million in seed capital is expected to be matched by project leads, bringing the initial investment in the area to over £50 million. This funding will be used to prepare critical sites within the FGF area, making them more attractive to potential investors and paving the way for significant economic benefits across Scotland.

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The FGF aims to kickstart projects that target key sectors such as offshore wind, hydrogen production, sustainable fuels, modular manufacturing, and logistics. These sectors are seen as vital for the re-industrialisation efforts and are expected to contribute to large-scale economic regeneration in Central Scotland over the next ten years.

Since becoming operational on June 12, 2024, the Forth Green Freeport has been positioned to draw new businesses and create jobs in areas including Burntisland, Grangemouth, Leith, and Rosyth. The initiative is part of a broader strategy to enhance the economic landscape of the region, leveraging its strategic location and resources to foster growth and sustainability in the local economy.