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Glasgow council appoints firm to develop growth fund plan

Summarised from 2 outlets · Updated 8 Oct, 15:55 · Archive

Glasgow City Council has appointed CBRE to develop a business case for an impact fund aimed at boosting investment and regeneration in central Glasgow. The proposed fund would support the delivery of new homes and wider regeneration by addressing viability challenges through a blend of public and private sector investment.

David Smith, executive director at CBRE, said that viability gaps continue to prevent Glasgow's development potential from being realised, but that 'a well-designed impact fund could be a catalyst for delivery, helping projects move forward and attracting the private investment needed to deliver new homes and meaningful regeneration'.

The work forms part of the council's wider strategy to attract investment and support development, including its aim of boosting the city centre's residential population to 40,000 by 2035. CBRE, with input from economics and policy consultancy Mandala Partners, will assess potential funding models that bring together public and private capital to address viability gaps in central Glasgow. The team will draw on its experience advising on similar impact funds across the UK and its knowledge of the Glasgow property market.

Glasgow council appoints firm to develop growth fund plan
Image: Glasgow Times

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In this story: Glasgow City Council · CBRE · Mandala Partners · Glasgow

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