 At the time of the 2001 census, Redding had a population of 1,954 residents.On a hill beyond Redding is a stone that is called Wallace's stone, marking out the spot from which Sir William Wallace, after his quarrel with Sir John Stuart, one of the Scottish chiefs, is said to have viewed the Battle of Falkirk, from which he had been compelled to retire, and to have witnessed the defeat of the Scottish army.In 1923, the small mining community of Redding was the scene of one of the worst disasters in the history of the Scottish coalfield, which claimed the lives of 40 men.