Clyde Gate­way in £250m year plan

The Herald Business - - News Digest -

CLYDE Gate­way, the com­pany re­spon­si­ble for Scot­land’s big­gest re­gen­er­a­tion project in Glas­gow’s East End, has out­lined £250 mil­lion of con­struc­tion and devel­op­ment ac­tiv­ity in the cur­rent year.

The work ranges from the spec­u­la­tive build of a new of­fice devel­op­ment on the banks of the Clyde and the first phase of the Ath­letes Vil­lage for the 2014 Com­mon­wealth Games, to the con­struc­tion of a ma­jor busi­ness park with di­rect mo­tor­way net­work links and the re­build­ing of a key rail­way sta­tion giv­ing di­rect ac­cess to the city’s ur­ban and sub­ur­ban net­work, and only min­utes from Glas­gow city cen­tre.

Clyde Gate­way chair­man Neil McDon­ald said: “The re­gen­er­a­tion of the East End has only just be­gun and all of our part­ners are com­mit­ted to the long-term na­ture of the project over a 20-year pe­riod. How­ever, this in­cred­i­ble amount of ac­tiv­ity in the cur­rent year, made even more re­mark­able by the fact that we are all caught up in a se­vere re­ces­sion, is a sure-fire sign that many success sto­ries are on their way. The mes­sage is that there has never been a bet­ter time for in­vestors, de­vel­op­ers and en­trepreneurs to come and be part the ex­cit­ing story that is hap­pen­ing here and now.

He added: “There is no doubt that 2013 is a piv­otal year for us as we edge ever closer to the Com­mon­wealth Games, in just over 18 months time.

“Over the first four years of our ex­is­tence, Clyde Gate­way it­self has spent £80m on pro­vid­ing a longterm and sus­tain­able trans­for­ma­tion. In ad­di­tion, the two lo­cal coun­cils in Glas­gow and South La­nark­shire have also been in­vest­ing heav­ily in the area and our com­bined ef­forts are now de­liv­er­ing sub­stan­tial eco­nomic ben­e­fits.”

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