City Deal Cabinet approves £15 million funding to develop next stage of city centre infrastructure project
Glasgow city centre infrastructure project moves to next phase
The Glasgow City Region City Deal Cabinet today (12 December) approved £15.6million of funding towards the preparation of the full business case for the £115.5million City Centre Infrastructure project.
This is a key project for both the city and the wider city-region as Glasgow is the UK's second most important centre in both retail and finance (behind London's West End and the City) with over 150,000 jobs and more than 40,000 students. The city centre also attracts 100,000 commuters every weekday, has a population of 28,000 and generates over a third of Glasgow's economic activity.
Glasgow City Council's City Centre Strategy aims to ensure the area retains this prominent position - vital to its economic growth - by promoting opportunities for growth and investment, and this Glasgow City Region City Deal project will deliver enabling infrastructure to capitalise on these opportunities.
The infrastructure that will be delivered and improved includes work to improve the public realm at Argyle Street (East and West); Cathedral Street; George Street; Central Station; King Street; North Hanover Street; Sauchiehall Street; and West Nile Street, including the resurfacing of streets and pavements; 'smart' infrastructure such as surface water management systems and adaptable lighting systems; the creation of avenues of trees; segregated cycle lanes; underground facilities and reductions in vehicle traffic.
Councillor Frank McAveety, Chair of the Glasgow City Region City Deal Cabinet, said: "Glasgow city centre is the number one area of economic activity not only in Glasgow, but in the wider city region and indeed Scotland, so its future development is hugely important. Through this investment in developing the infrastructure of the city centre, this project will help to deliver the strategy for the area by improving connectivity to and between city centre districts, supporting development and economic growth, and improving and protecting the built environment."
Since its first meeting in August 2015, the Glasgow City Region City Deal Cabinet has approved almost £166million of funding towards projects within the total value of £1.13billion.