The Granton Waterfront is a brownfield site where the £1.3 billion regeneration project has already started with the restoration of the Gas Holder, the creation of a new park and the renovation of Granton Station.
The next part of the regeneration project will begin in 2026 with funding of £42 million from The Scottish Government to support housing on the site. The funding will be made available over 20 years. Work will begin next year on building a new primary school, commercial space, and 847 net zero homes, of which 387 will be affordable.
Eventually the site will become home to 3,500 new houses, space for leisure and Scotland’s largest coastal park.
The City of Edinburgh Council is in charge of building the homes through its partners and will be obliged, in terms of the funding package, to create job and apprenticeship opportunities. The council is also expected to invest in non-profit organisations in a bid to reduce disadvantage in the north of the city.
Deputy First Minister – “important brownfield site”
Deputy First Minister Kate Forbes said: “This investment demonstrates our commitment to tackling Scotland’s housing and climate emergencies while supporting communities that need it most.
“By working in partnership with City of Edinburgh Council, we’re unlocking £220 million in private sector investment to transform Granton Waterfront into a thriving coastal community with hundreds of net zero homes, a new school and business space.
“Communities in Granton are at the centre of this project and will directly benefit from improved transport links, green spaces and job opportunities as we regenerate this important brownfield site.”
City of Edinburgh Council Leader Jane Meagher said: “I welcome this funding to help us deliver the first phase of this hugely significant £1.3 billion regeneration project at Granton Waterfront in the north of the capital.
“The regeneration of Granton Waterfront is about helping make Edinburgh more inclusive by improving educational attainment, health and well-being, local employment opportunities and eradicating child poverty. I’m really pleased we’ve received this new funding as we’re committed to delivering these important outcomes to create better opportunities for the people living in this area.”
