Regeneration of brownfield sites will see 22,000 homes built.
Since its first meeting in August 2015, the Glasgow City Region City Deal Cabinet has approved £82M of funding towards projects with a total value of £1.09Bn, designed to create better infrastructure, living, working and learning environments for the greater Glasgow area.
Yesterday, the City Deal Cabinet approved further funding for a drainage plan which will allow the construction of 22,000 new homes as part of the £46M Metropolitan Glasgow Strategic Drainage Plan (MGSDP).
Formed to tackle the deficiencies in Glasgow’s drainage system, the improvements are expected to provide an economic boost of over £65M to the city-region. By improving the system, over 1.33Msq m of brownfield land will become viable for construction and some 22,000 new homes could be built, in addition to 44,000sq m for office development and 30,000sq m for industrial development. Further benefits will be seen with the reduction of flooding risk for more than 7,000 existing properties and over 30km of roads.
Seen as an exemplar project in and beyond the UK through its partnership working on urban flooding, the MGSDP is designed to help increase sustainable economic growth in the Glasgow city region by removing drainage constraints to regeneration. The removal of drainage constraints has been recognised as key to increasing Glasgow’s economic growth, in particular since the 2002 floods.
The project is a partnership between Glasgow City Council, Scottish Water, SEPA and other Clyde Valley local authorities.
Councillor Frank McAveety, Chair of the Glasgow City Region City Deal Cabinet, said: “The drainage plan will help to deliver 22,000 new homes, many new jobs and a huge economic boost to the Glasgow city region. This plan is a great example of how City Deal funding can enable development that would otherwise not happen, bringing tremendous economic and social benefit. This fantastic project will unlock a huge amount of the area’s economic potential, and prevent the impact of flooding on residents and businesses.”
The City Deal is expected to give the Glasgow city region a permanent uplift in its GVA of £2.2Bn per annum (4.4%); generate 15,000 construction jobs during the construction period and 28,000 permanent additional jobs once construction is complete; and will unlock £3.3Bn of private sector investment.