"We want to be a Premiership football club, and to achieve this, our First Team needs to be our absolute focus.
"As a result of this, the decision has been taken to prioritise the use of available resources in our first team. From 31st December onwards, Falkirk Football Club will therefore cease its funding of the Forth Valley Football Academy.
"This was not an easy decision and means that our focus on youth development will, for the time being at least, significantly reduce."
Forth Valley also released a statement in response to the news saying, "This has implications for the future of this academy."
"The board of the FVFA consists of representatives of East Stirlingshire FC, Falkirk FC and Stenhousemuir FC. We will meet shortly to discuss what this means for us and what the next steps should be.
"We will be in contact with all parents of all children involved in the academy in due course."