Development Areas
“Now is the time to focus on Inverclyde's many strengths and how they can be re-energised to build a better Inverclyde, a community everyone is proud to call home.”
- Alf Young, Chair of Riverside Inverclyde
The regeneration of a whole new Inverclyde is already underway. Covering over four and a half miles of prime waterfront location from Port Glasgow to Greenock, the drive behind this 10-year project is continuously growing. Riverside Inverclyde is delighted by the wealth of interest being shown over a range of development opportunities, from residential through to commercial and leisure.In total, Riverside Inverclyde will deliver 77 hectares of prime development land for sustainable economic purposes. This land will accommodate:
• 35,000 m2 of superior business space
• 7,000 m2 of retail and leisure space
• 22,500 m2 of education and training space
• 2,285 high quality housing units
• 500 berths for leisure craft
In total, these outputs are estimated to require a total investment of around £400 million, over the 10 years of proposed development. This is levered by Riverside Inverclyde's investment of £65 million, (real, including land receipts) meaning an investment leverage ratio of 1:4.5. Thus for each £1 invested by Riverside Inverclyde, another £4.50 is invested by partners. Over 95% of levered investment is assessed as being by the private sector.
We'd like to introduce you to our key priority development areas: