The regeneration of city waterfronts in Glasgow, Edinburgh and Dundee could generate over £3 billion investment in the Scottish economy over the next 5-10 years.
The full economic potential of waterfront redevelopment was
confirmed today (Wednesday November 2nd 2011) at the
opening of the Waterfront Expo international
conference in Glasgow.
Around 150 delegates from across the UK and overseas are
attending the two day conference, where they will hear first hand
experience of the Edinburgh, Dundee and Clyde Waterfront
regeneration projects as well as the lessons learned from and
future opportunities for the regeneration of waterfronts in
Barcelona, Marseille, Chicago and Yokohama.
Officially supported by Clyde Waterfront, Dundee Waterfront, the
City of Edinburgh Council and Glasgow City Council, the
WaterfrontExpo 2011 Scotland conference & exhibition is being
held at the Crowne Plaza Hotel, SECC Glasgow.
This is the eighth WaterfrontExpo conference and second to be
held in Scotland, prompted by the extensive waterfront regeneration
in the three Scottish cities since 2006, when it was last held in
Glasgow.
The three Scottish city waterfront projects have already
attracted over £4 billion private and public sector investment.
Since its launch in 2003, the Clyde Waterfront has attracted
private and public investment in excess of £3.5 billion along a 13
mile stretch of the Clyde from Glasgow Green, via Renfrew to
Dumbarton Rock. High profile projects include the International
Financial Services District, STV and the BBC at Pacific Quay, the
SECC Scottish Hydro Arena, Glasgow Harbour, Braehead, Xscape, Ferry
Village, Clydebank College, the Titan Crane and the Lomondgate
development. In total, over 350,000 square metres of
commercial space has been developed, attracting 20,000 jobs.
Building on its success to date, a further £2 billion of mainly
private sector investment is projected in the next 5-10 years,
across a mix of office, residential, retail and leisure
developments.
Edinburgh Waterfront is a £1 billion regeneration project
covering 300 hectares along the shores of the Forth from Leith to
Granton. Over the past ten years, significant redevelopment
includes 2,300 new homes, the new Telford College campus, the
Scottish Government offices at Victoria Quay and the Ocean Terminal
retail and leisure complex. Planned projects include a public
esplanade along the water frontage at Ocean Terminal and the
development of Leith Docks as a large scale manufacturing location
for the renewables sector.
The Dundee Waterfront project is transforming 240 hectares along
a 8km stretch of the River Tay. One third of the targeted £1
billion investment has already been committed. Key projects include
the £45 million V&A at Dundee, due to open in 2015, the Central
Waterfront which aims to reconnect the city centre with the
waterfront and the Seabraes zone which aims to attract further
investment from the digital media and creative industries.
Councillor Gordon Matheson, Leader of Glasgow City
Council: "Glasgow's relationship with the Clyde has always
been of crucial importance to the city's development and
regeneration, and the past decade has seen tremendous success on
the banks of the river through projects such as Glasgow Harbour,
the Riverside Museum, the International Financial Services
District, the Scottish Hydro Arena and
Creative Clyde at Pacific Quay. These
examples of vibrant new life along the Clyde have brought thousands
of jobs and billions of pounds of investment to Glasgow, and point
to a healthy economic future for the city. I am sure
Waterfront Expo will highlight the tremendous opportunities for
business development that locating on the Clyde offers."
Councillor Jenny Dawe, Leader, City of Edinburgh Council said:
"Development of the Edinburgh Waterfront is one of the
key priorities for the city and we are keen to work with partners
to ensure its success. I am looking forward to the Expo
and the presentations from, and discussions with, the cities
and organisations attending."
Mike Galloway, Director of City Development, Dundee City Council
said: "Dundee Waterfront is attracting a growing amount of
interest, enquiries and, crucially, hard investment from a wide
variety of quarters. We are well advanced with our
plans and investment to completely re-engineer and transform the
city. Dundee Waterfront is well and truly open for
business and there are exciting opportunities for businesses,
investors, developers and entrepreneurs at all levels."
Derek McCrindle, Director, Scottish Enterprise, said: "The
regeneration of these three waterfronts has the potential to
generate significant economic activity and associated jobs.
Much progress has been made already and despite the challenging
economic climate, we believe there is real potential to build on
the success to date and deliver world class projects that Scotland
can be proud of. Sharing experiences with international
colleagues through events such as Waterfront Expo can only help
that process."
The two day event incorporates international case studies, site
visits, project workshops, Clyde and Forth river cruises and
exhibitor displays. The official civic reception will be staged in
the new Riverside Museum (housing Glasgow's transport collection)
designed by world famous architect Zaha Hadid which has
already attracted more than 800,000 visitors since opening on 21
June.
For more information visit www.waterfrontexpo.com