The Scottish Government is to invest £2 million to support a regeneration project in Clackmannan.
The funding award is being granted from the Local Economic Development Fund, along with £2m of capital funding already approved by the local authority in response to the closure of Longannet Power Station.
The three-year regeneration project forms part of the Longannet Economic Recovery Plan and will build on infrastructure investments made in recent years, including the development of Clackmannanshire Bridge and the reopening of the Alloa to Stirling rail passenger service.
In addition, plans are being explored to build 35 social housing units in the town.
Cllr Kathleen Martin said: "This investment is good news for Clackmannan, and will help to address the very real impact of the loss of well paid jobs following the closure of Longannet.
"Working with the local community, the Council has developed a regeneration plan which was successful in obtaining this considerable funding award. Work will be starting very soon to help create support for local business to develop and flourish and to improve the environment of Clackmannan."
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