Clyde Gateway in £250m year plan
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.”