Funding to support housing infrastructure.
A significant project to regenerate the Granton area of Edinburgh
has received a grant of almost £16 million to enable the
provision of new affordable, energy efficient homes.
Part of the Scottish Government's Housing Infrastructure Fund,
the grant will allow the City of Edinburgh Council to undertake
crucial infrastructure works in preparation for building 847 new
homes, including 387 affordable homes. It is part of a wider
package of financial support being developed by the Scottish
Government at Granton Waterfront, reflecting the commitment to
support seven strategic sites as part of the Edinburgh and South
East Scotland City Region Deal.
First Minister visited the development to
announce the funding and learn about how the project is
progressing. He also had the opportunity to meet apprentices
working on the construction site.
The First Minister said:
“This impressive development is transforming the Granton area of
Edinburgh - through the development of new homes, improved
infrastructure and low-carbon district heating solutions.
“Public sector investment in the first phase of Granton
Waterfront is estimated to leverage a further £200 million of
private sector investment in private housing and the low carbon
heat network.
“The 2025-26 Budget has allocated more than £7 billion for
infrastructure and £768 million to ramp up action on delivering
affordable homes.
“This development at Granton Waterfront is an excellent example
of how Scottish Government investment is already delivering
across my government's four priorities – to eradicate child
poverty, grow the economy, improve public services and protect
the planet.”
Leader of the City of Edinburgh Council Jane Meagher said:
“We're making significant progress at Granton Waterfront, with
hundreds of affordable homes underway at both Western Villages
and Silverlea. I welcome today's announcement which comes at a
critical time, as our city faces an ongoing housing emergency and
a severe shortage of homes.
“This funding forms part of a wider funding package that the
Council and Scottish Government continue to develop, allowing the
next phase of development in Granton to get underway later this
year. This will see further development of much needed new homes,
alongside improved infrastructure, and an innovative low-carbon
district heating system.
“The regeneration of Granton will not only help to address the
housing shortage but also contribute to our broader goal to
become net zero by 2030 and by incorporating cutting-edge
technologies, residents will benefit from modern, comfortable,
energy efficient homes.
“We're working hard to make Granton somewhere people will want to
call home, and this is a great example of the success we can have
when governments work together in partnership. I look forward to
seeing this progress continue.”
Background
The 2024-25 Programme for
Government expresses a commitment to working with local
authorities to accelerate the development of strategic sites such
as Granton, unlocking opportunities for investment and economic
growth and the provision of new homes of all tenures.
