River revival brings jobs to the Clyde

18 Oct 2006

The major regeneration programme reshaping the economy and landscape of the River Clyde has the potential to deliver more than 50,000 new jobs.

A review of the Clyde Waterfront project (www.clydewaterfront.com) also reveals that the investment in the renaissance of Scotland's most famous river could rise to £5.6 billion.

The findings of the updated analysis of Britain's most comprehensive regeneration programme were revealed  by Councillor Steven Purcell, Chair of Clyde Waterfront Strategic Partnership Board and Leader of Glasgow City Council.

Addressing international delegates to WaterfrontExpo 2006, the world's largest conference and exhibition focusing on global waterfront development being held at Glasgow's SECC, Councillor Purcell revealed:

  • 20,500 jobs will be supported by projects completed, in progress or approved
  • 30,300 jobs are associated with projects in the early stages of development
  • £5.6 billion is the projected investment from the private and public sectors
  • 23,659 new homes could be created
  • 909,000m2 of office, retail, industrial and leisure space is expected to be developed

The new figures show a substantial increase of 18,000 in the anticipated level of job creation from the 33,000 envisaged when the Clyde Waterfront Strategic Partnership Board was established in 2004 to coordinate the regeneration programme stretching from Glasgow Green to Erskine.

Increased demand for office and retail space has driven up the jobs estimate as the regeneration programme continues to raise the region's profile as a world class location offering developers, investors and business enormous opportunity and potential. 

The value of investment linked to Clyde Waterfront has risen by £1.7 billion to £5.6 billion. Every £ invested by the public sector is matched by £2.50 from private developers.

Councillor Purcell also underlined the inclusive community responsibility of the Clyde Waterfront programme in delivering opportunity for the people and communities most affected by the demise of the traditional engineering and shipbuilding sectors which made Clydebuilt a globally recognised benchmark for quality. 

Councillor Purcell commented: "The tide of economic fortune for the River Clyde and its communities is turning."

"Investment is taking place at unprecedented levels and with it jobs, confidence and self belief are returning to an area blighted by industrial decline."

"Working in partnership everyone involved in Clyde Waterfront is delivering a bright and vibrant future that holds out the promise of opportunity for everyone."

He added: "Glasgow and communities along the River Clyde are benefiting from a real transformation. Our challenge now is to ensure everyone in the area can share in this. This announcement shows that we can achieve this."

Editor's notes

  1. The anticipated investment in each of the three local authority areas covered by Clyde Waterfront is as follows: 
    Glasgow: £4.25billion; Renfrew: £500million; West Dunbartonshire: £395million.
  2. Projects crossing the boundaries of all three local authorities will require investment of £440million.
  3. Clyde Waterfront is a public sector partnership established to promote and facilitate the implementation of the River Clyde's regeneration as a world class waterfront location that will drive Scotland's economic development in the 21st Century. A 15 year plan has been developed to transform the environment, communities, transport infrastructure and economy along the river from Glasgow to Erskine in the largest project of its kind to be undertaken in Scotland. The partnership involves the Scottish Executive, Glasgow City Council, Renfrewshire Council, West Dunbartonshire Council, Inverclyde Council, Scottish Enterprise and Communities Scotland. Visit www.clydewaterfront.com for further information.
  4. Clyde Waterfront has been accorded the status of a national priority regeneration project in the Scottish Executive's policy statement 'People and Place'.  See 'People and Place'
  5. Details of Clydebank regeneration can be viewed at: www.clydebankrebuilt.co.uk
  6. Information on Renfrew's regeneration programme is available at: www.renfrewriverside.com

Issued on behalf of Clyde Waterfront by fs communications.

For further information contact:

Frank Sullivan
Tel:  Business 01786 473289. Mobile 07718660122.
Email: frank.sullivan@btconnect.com

  • Representatives of the Clyde Waterfront Strategic Partnership Board at WaterfrontExpo