Green light for Glasgow urban regeneration company

Glasgow council has approved the creation of an urban regeneration company in charge of the Clyde Gateway regeneration project.

The news comes as the council agreed to the formation of LLPs to overlook its land, property and ICT management.

The Gateway Urban Regeneration Company will have charitable status and will be working closely with the existing local authority structures.

The company’s board will consist of six directors from each of the partnering bodies, Glasgow City Council, South Lanarkshire Council and Scottish Enterprise. It will also be led by five other directors and a chief executive.

The regeneration project of Clyde Gateway was recently approved a £62m funding package from the Scottish government and will develop a large area of Glasgow’s East End and South Lanarkshire. The project is set to run until 2029.

One of the LLPs will be in partnership with SERCO to provide ICT and property services.

The second LLP is currently looking at appointing a commercial partner through a competitive tendering process to overlook its disposal of surplus land and property. The council revealed it can generate £80m through property sale.

At the same time, Glasgow council have given the green light to the development of waterfront pavilions on the Broomielaw at Anderston Quay. In a first phase, an area of 30,000 ft² will accommodate the pavilions with a potential to extend eastward and westward later on.