A summary of infrastructure investment in Glasgow
Over the past 10 years £1.5 Billion has been spent on regenerating Glasgow’s East end this includes the construction of the M74 link from Cambuslang to the Kingston Bridge.
The M74 link and the secondary EERR ( East End Regeneration Route ) improved transport infrastructure linking east end with the City and providing north south link between M74 and M8/M80.
- The Riverside building completed in October 2014 now houses the new Police Scotland HQ with 1000 staff in a location historically derelict and contaminated
- Nearby the Commonwealth Games Athletes Village -700 houses built – 300 for sale & 250 released already and 100% reserved + 400 for rent
- Total of 6000 houses planned over next 10 years
- Shawfield/Riverside business district in Clyde Gateway will develop 1 M sq ft
- Clyde Gateway won RICS 2013 both Scottish and National regeneration project of the year
- Eastgate Offices 64000 sq ft now occupied by 400 staff from Community Safety Scotland—the building won BCO Commercial Workspace Award last year
A procurement strategy has been agreed upon to take forward Glasgow’s £1.3bn City Deal paving the way for work to proceed on 20 major infrastructure projects across the city region over the next 20 years. This will see a number projects ranging from the resuscitated Glasgow Airport Rail Link to further waterfront regeneration at Govan and along the Clyde corridor.
It is estimated that up to 15,000 people could be employed during the construction phase of the programme, intended to support a ‘strong growing core’ in Greater Glasgow whilst exploiting opportunities across the wider region.
The City Deal will see the Scottish and UK governments each give the city £500m in grant funding with local authorities empowered to borrow a further £130m, which its thought could unlock an additional £3.3bn of private capital.
Glasgow City Council’s plans to spend £400M from the city deal outlined by clicking here.