£200million boost for Ravenscraig plans under City Deal programme
Revised plans for Ravenscraig Infrastructure Access Project
More than 6,500 jobs will be created and around £360million per year will be generated for the local economy after the Glasgow City Region councils approved revised plans for the Ravenscraig Infrastructure Access (RIA) project.
Improved transport connectivity and road infrastructure at Ravenscraig and the surrounding area moved a step closer after North Lanarkshire Council approved an extra £29.7million of investment and the Glasgow City Region Cabinet allowed City Deal funding to be reprioritised for the project.
City Deal funding will now be focussed on the RIA project as part of the wider Pan Lanarkshire Orbital Corridor which will see new and upgraded roads from the M74 at Motherwell, through Ravenscraig to the M8 at Eurocentral, and onward past Airdrie on a new link road to the A73 south of Cumbernauld.
Councillor Paul Kelly, depute leader of North Lanarkshire Council, said: "The regeneration of Ravencraig is of major strategic and economic importance to North Lanarkshire and the wider area.
"The £201 million Pan-Lanarkshire Orbital project represents the biggest single roads and infrastructure investment in North Lanarkshire's history, and our focus must be on those projects that will attract investment to the area and be of the greatest economic benefit to our communities.
"Channelling our resources into creating a first-class infrastructure at Ravenscraig will bolster future investment from the private sector to create homes, businesses and job opportunities - potentially creating 6,500 jobs and generating £360 million in Gross Value Added (GVA) for the local economy. It's vital that we focus on those projects that offer the best return on investment for our communities, our economy and for the future of North Lanarkshire."
Ravenscraig Ltd's new masterplan will be considered by the council in the coming weeks. It includes plans for:
- 3,000 houses
- 19,000m2 of office space
- 63,000m2 of industrial space
- 30,000m2 of retail space
- Five primary schools and associated nursery provision
- Extension to the Ravenscraig Regional Sports Facility
- New seven hectare town park
At 455 hectares, Ravenscraig is one of Europe's largest brownfield regeneration sites and accounts for 13% of the Glasgow City Region's vacant and derelict land.
The council's decision to prioritise the City Deal projects that will deliver the maximum economic benefit to the community and wider area means realigning resources within the other City Deal projects in North Lanarkshire.
Six of the planned sub-projects will now be taken forward, where required, through other council and partner infrastructure programmes: Holytown Link Road, A80 Link Road, Cardowan to Lochend Link Road, Gartsherrie Link Road, Gartcosh Station Park and Ride, and the M80 Corridor Park and Ride.
Scottish Secretary David Mundell, said: "This is very welcome news and it is great to see good progress being made to the Glasgow City Region Deal. The UK Government has committed more than £500 million to the deal with an ambitious goal of creating jobs and opportunities and stimulating long lasting growth for local communities.
"This project has the potential to transform Ravenscraig and will help to attract significant private sector investment to bring new homes and businesses to the site.
"The UK Government is funding vital projects right across Scotland and to date have committed more than £1.35 billion to City Region and Growth Deals."
Scottish Government Infrastructure Secretary Michael Matheson said: "The Scottish Government has committed to invest £500 million in the Glasgow City Region Deal in pursuit of long term, sustainable economic growth. I am pleased to see North Lanarkshire Council and the wider Glasgow City Region continue to drive this deal forward and work together in the best interests of the regional economy."