Insight
Earlier this year the Scottish Government approved Glasgow’s Strategic Development Framework (SDF) for development of the city over the next three decades. One of the key ambitions of the SDF is to “green” the city centre and make it climate resilient.
Glasgow City Council has now produced its “Greenprint for Investment” prospectus promoted as a key step towards its 2030 target for a Net-Zero economy and climate resilience. The prospectus identifies 10 projects having a value of around £30 billion and seeks to attract private investment for both market ready opportunities and longer term partnerships.
Whilst the projects are exciting and ambitious and would undoubtedly realise significant social, economic and environmental benefits for the city it remains to be seen if the investment risks and rewards will be attractive to investors.
However the hosting by Glasgow of the United Nations Climate Change Conference COP 26 next month provides an unprecedented opportunity for the city to present its credentials to the world.
Here’s hoping that investment will be tapped and the momentum for regeneration gained in recent years by developments such as the Barclays Buchanan Wharf Campus can be maintained.