Economic boost for Rutherglen
Investment to create 1,000 jobs
A £9 million funding package will see a derelict land site in Rutherglen transformed into high quality office space, creating jobs for up to 1,000 people.
Once complete, the Rutherglen Low Carbon Zone will be a 15,922 square metre space for businesses and SMEs. The project, which is being developed by Clyde Gateway URC, will receive £2.5 million grant support from the European Regional Development Fund towards the cost of the development.
The funding will support the first phase of the project to redevelop the vacant site.
The Rutherglen site is one of three to receive funding in the latest round of ERDF grants, with Irvine Bay Developments securing £1.5 million towards the ‘i3 Irvine Innovation and Industry’ project and Dundee City Council being awarded almost £150,000 towards the ‘Dundee European Programme ERDF Job Brokerage’ initiative.
Commenting on the project during a visit to Red Tree Business Suites in Rutherglen, Housing and Welfare Minister Margaret Burgess said:
“Investment in large scale regeneration projects is absolutely key for stimulating economic growth throughout Scotland.
"The development of this derelict site into high spec office space will help to create up to 1,000 jobs for Scottish people, helping to bring our communities closer together and injecting new life into the Rutherglen area.
"This government recognises the importance of projects like these for stimulating economic growth, which is why I am pleased to announce this £2.5 million investment of European Funds. Significant developments like one are absolutely key to stimulating growth in our construction sector – something that is absolutely imperative in these tough economic times.
“This government is clear about the contribution that regeneration makes to growing our economy and improving the life chances of Scotland’s people.”
Councillor Chris Thomson, the Vice-Chair of Clyde Gateway said:
"This award is tremendous news and further evidence that Clyde Gateway's regeneration efforts are making a difference to Rutherglen.
“This site is one of our most strategic and important given it sits so close to the railway station and town centre as well as being close to one of the new junctions on the M74. Clyde Gateway, with the support of funding from Europe, has already delivered the Red Tree Business Centre which has brought almost 60 jobs to the town. The Rutherglen Low Carbon Zone is on a much grander and more ambitious scale, one that will bring an environmentally friendly and sustainable development certain to attract enormous interest across the commercial market."