GREEN INVESTMENT PROJECT PORTFOLIO
OVERVIEW
To support our transformation to a climate-resilient, carbon neutral city, we are offering a diverse portfolio, open for private investment. These projects represent priority areas for the city over the next 10 years, where there are high carbon savings and resilience benefits alongside wider social and economic ones. Across these prospects, we believe there are opportunities for either a strong role for private finance to accelerate delivery or, in some cases, a preference for the market to facilitate their roll out. Collectively they will make a significant contribution towards our net zero plans, as well as towards the COP26 priorities.
Taken as a whole, the portfolio of projects outlined within this prospectus primarily relate to four umbrella United Nations Sustainable Development Goals:
Given the need for long-term patient capital, we are committed to assessing the projects against the TCFD framework of physical and transition risk, to help potential investors understand how the projects will complement their existing portfolio of investments and provide confidence that they are investment-ready.
Glasgow Metro
Glasgow Metro is a new transport provision that will improve connectivity within Glasgow and the wider City Region, driving inward investment, business growth and inclusion.
Project value: £ multi billion
Investment type: Various including design and build, franchise partner, development partner(s)
Location: Glasgow City Region
UN Sustainable Development Goals: 3 | 8 | 9 | 10 | 11 | 13
Glasgow City Region Home Energy Retrofit Programme
A ten year £10 billion programme to upgrade the insulation of all homes in the Glasgow City Region and explore the use of innovative renewable technologies to deliver clean energy.
Project value: £10 billion
Investment type: Public infrastructure/private investment
Location: Glasgow City Region
UN Sustainable Development Goals: 1 | 7 | 8 | 9 | 11 | 13
M8 Garden Cap
A new, connected urban environment via the construction of a cap over the motorway junction at Charing Cross, and redesigned public realm between local access thoroughfares.
Project value: £60-80 million
Investment type: Public infrastructure/private investment
Location: Charing Cross, Glasgow City
UN Sustainable Development Goals: 3 | 8 | 9 | 11 | 15
Scottish Event Campus (SEC) Expansion
The SEC expansion aims to turn the SEC into one of the world’s most sustainable campuses and includes a number of globally competitive and cutting-edge conference and exhibition innovations.
Project value: £180 million
Investment type: Grant funding, development partner
Location: Finnieston, Glasgow City
UN Sustainable Development Goals: 8 | 9 | 10 | 11
Glasgow's District Heating Network
Glasgow is focused on transforming its energy production and consumption through a series of projects to build out into a wider strategic district heating network across the city.
Project value: £40 million (phase 1)
Investment type: Public/private infrastructure investment
Location: Polmadie and Gorbals, Glasgow City
UN Sustainable Development Goals: 1 | 3 | 7 | 8 | 9 | 10 | 11 | 12 | 13
Climate Neutral Innovation District
The University of Strathclyde is leading an innovative and ambitious project to make the Glasgow City Innovation District 100% renewable climate neutral and climate resilient.
Project value: £0.5 billion
Type: Public/private infrastructure investment
Location: Glasgow City Innovation District, Glasgow City
UN Sustainable Development Goals: 7 | 9 | 11 | 12 | 15
Clyde Future Fashion Park
The Clyde Future Fashion Park (CFFP) project aims to create a new location for onshore fashion production in the Glasgow City Region, embedding circularity across all areas of activity including resource use, textile & fibre reuse and packaging.
Project value: tbc
Type: Public/private investment, FDI
Location: Glasgow City Region
UN Sustainable Development Goals: 8 | 9 | 11 | 12 | 13
Advanced Manufacturing Innovation District Scotland
The Advanced Manufacturing Innovation District Scotland (AMIDS) is Scotland’s new home of advanced manufacturing with ambitions to drive the UK’s low carbon transition.
Project value: £100-150 million
Type: Joint Venture Partner, Development Finance, Operator Investment
Location: Renfrewshire, Glasgow City Region
UN Sustainable Development Goals: 3 | 7 | 8 | 9 | 11 | 12 | 13 | 15
Green Regeneration and Innovation District: Clyde Gateway
Clyde Gateway is working to decarbonise travel and energy for homes and businesses while providing the local community a place to live and work in a low carbon and resilient neighbourhood.
Project value: Up to £200 million
Investment Type: Capital, Equity Co-Development, Development Funder, Construction Partner
Location: Dalmarnock and Rutherglen, Glasgow City Region
UN Sustainable Development Goals: 3 | 7 | 8 | 9 | 11 | 12 | 13 | 15
Clyde Climate Forest
The Clyde Climate Forest aims to plant 18 million trees in City Region over the next decade; that's over 9,000 hectares of new woodlands - increasing forest and woodland cover by 3%.
Project value: £107 million
Investment type: Development and capital
Location: Various locations across Glasgow City Region
UN Sustainable Development Goals: 3 | 11 | 12 | 13 | 15
Scottish Marine Technology Park
The Scottish Marine Technology Park (SMTP) is a bold vision for the future of the marine industry on the River Clyde. The mission is to offer a business-friendly technology park with the aim of reinvigorating the marine manufacturing industry on the Clyde.
Project value: Up to £80 million
Investment Type: Public/Private
Location: Old Kilpatrick, Glasgow City Region
UN Sustainable Development Goals: 8 | 9 | 11 | 12 | 13
