Dundee’s £925 million waterfront project has been named in the UK’s top 20 regeneration projects.
The move puts the city in the premier league of major UK schemes, alongside projects such as London’s Olympic Park, Greenwich Peninsula and Wembley City.
Following the announcement that Dundee Waterfront had secured the £43 million V&A Dundee as its flagship, the project has soared to 18th position in this year’s research by specialist publication Planning.
Now in the fifth year of publication, the Top 100 reveals Dundee Waterfront emerging as Scotland’s second-largest regeneration scheme behind Glasgow’s Clyde Gateway (£2.5bn).
It is ahead of Leith Harbour (£744m), West Lothian’s Heartlands scheme (£500m) and Glasgow’s Oatlands project (£222m).
Dundee’s director of city development Mike Galloway said, “Our promotion to the top 20 is a reflection of the quality of regeneration under way with Dundee Waterfront and the scale of our plans to completely re-engineer and transform the city.
“Most of the sites have now been cleared, the waterfront area is attracting significant interest and there is further investment to come.
“Dundee Waterfront is fully open for business and we are encouraging investors, companies and entrepreneurs to visit the new Dundee.”
Dundee City Council and Scottish Enterprise have jointly committed over £72 million from 2009-2017 for the Dundee Central Waterfront project.
The £925 million figure relates to projects along the wider waterfront, taking in work on the bridge, the port and elsewhere along the north bank of the Tay.
Rebuilding of bridge ramps and demolition of 1960s-style buildings are already opening up the waterfront for new office, hotel, leisure and residential uses.
With its ready access to North Sea waters and its extensive port facilities, Dundee has been earmarked by the Scottish Government as a strategic site for the development of the offshore renewables industry.For more information on the project, visit www.dundeewaterfront.com