How Much Investment?
The Scottish Government has approved £62 million to Clyde Gateway over three years, Scottish Enterprise has committed £37.5 million over five years and the two local councils will provide around £44 million in land and other assets, meaning over £140 million of public money has been committed in the short-term.
These resources will be used in a variety of innovative ways to support social, economic and physical change in the communities. Much of our investment will be on site assembly, infrastructure and development in key locations. But we will also be investing in new and specific training schemes and funding apprenticeships in traditional and modern trades for residents of all ages, making improvements to public spaces, providing specialist business support and advice, developing a public transport strategy and making huge efforts to deliver a long-term solution for contaminated land issues.
Clyde Gateway is one of the most ambitious regeneration projects in Europe, and the public investment that has been secured will pave the way for a further £1.5 billion in private development over the next two decades.
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