Business site gives £365m boost to the area
A project launched 10 years ago to regenerate a former Dumbarton whisky bottling plant has brought an incredible £365million to the local economy.
A new independent economic impact assessment also reveals that 718 full-time jobs have been created as a result of the regeneration of Lomondgate.
And private sector investment is now more than £100m, smashing the £60m target set in 2007.
According to the report by consultants Peter Brett Associates, Lomondgate businesses – Aggreko, BBC Scotland, Euro Garages, Jaconelli’s andWhitbread – and housing developers have invested a total of £106m bringing a £365m cash boost to the area.
The site used to be home to the former J&B whisky bottling plant, with Strathleven Regeneration CIC and Walker Group (Scotland) Ltd tasked with securing investment there.
Strathleven Regeneration chairman, Bruce Malcolm said:“These results – which have been achieved in challenging conditions and without
Picture: Turkey Red Media public funding – show that Lomondgate has progressed from a regeneration initiative to become a vibrant community, successful business location and natural gateway to Loch Lomond and theTrossachs National Park.
“Securing over £100m of investment in such difficult conditions is testament to the effectiveness of our partnership withWalker Group and the strength of the location.”
Key developments that have taken place at the 120-acre site over the past year include the doubling in size of its Premier Inn and planning permission forTaylorWimpey to build a further 58 houses.
Dumbarton MSP Jackie Baillie said: “Lomondgate is one of Scotland’s most ambitious regeneration projects and this report confirms that it is a real success story.
“Creating new jobs and good-quality housing are crucial to getting our economy back on track.”
Leader ofWest Dunbartonshire Council Jonathan McColl added:“This council is determined to show businesses big and small thatWest Dunbartonshire is a place where they can be confident locating their operations.
“We are well positioned close to vital links to major road, air, rail and sea transport networks and we are very much open for businesses.”
Landmark An aerial shot of Lomondgate