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Publication - Report

Infrastructure Investment Plan progress report for 2015

Published: 15 Mar 2016
Part of:
Economy, Environment and climate change
ISBN:
9781786521019

This report outlines key achievements over the course of 2015 and looks forward to developments in 2016 and beyond.

27 page PDF

4.3MB

27 page PDF

4.3MB

Contents
Infrastructure Investment Plan progress report for 2015
Regeneration

27 page PDF

4.3MB

Regeneration

Regeneration plays a vital role in supporting sustainable economic growth, by tackling area inequality, addressing market failure, and increasing opportunities for areas of need to attract investment and jobs. The Regeneration Strategy, Achieving a Sustainable Future, was published in December 2011 and announced funding of £175 million over the Spending Review period.

The key elements are:

  • tackling area-based deprivation by reforming how mainstream resources are used and working together more effectively;
  • a stronger focus on community-led regeneration; and
  • realising the economic potential of Scotland's communities through focused funding and other support mechanisms.

Key funding measures include:

  • The Scottish Partnership for Regeneration in Urban Centres ( SPRUCE), Scotland's £50 million Joint European Support for Sustainable Investment in City Areas ( JESSICA) investment loan fund, was launched on 12 December 2011;
  • £75 million of grant funding for capital regeneration projects over the Spending Review period, including £48 million for Urban Regeneration Companies in the first two years;
  • the £25 million per annum Regeneration Capital Grant Fund, developed in partnership with Convention of Scottish Local Authorities, from 2014-15 provides support to deliver large-scale improvements to deprived areas, focussing on projects that engage and involve local communities and can deliver sustainable regeneration outcomes.
  • over £26 million to tackle vacant and derelict land over the Spending Review period; and
  • a £7.9 million per annum People and Communities Fund supporting community anchor organisations to deliver local regeneration priorities, augmented in 2015/16 (including £5.6 million from the Empowering Communities Fund) to take total spend in that year to £15 million.

Progress since 2008 includes:

  • over £372 million directly invested in regeneration activity up to 2015-16;
  • Town Centre Regeneration Fund: £60 million of funding provided to town centres across Scotland in 2009-10 to deliver a range of regeneration outcomes;
  • over £200 million invested in Urban Regeneration Companies ( URCs). The following outputs have been delivered: over 130,000 square metres of business space; over 5,000 jobs created or retained and over 1,600 training places; over 145 hectares of vacant and derelict land remediated or developed; over 1,900 houses and 2 primary schools built. In addition, over £369 million of direct and indirect private sector investment has been generated on the back of public sector investment;
  • Scottish Partnership for Regeneration in Urban Centres ( SPRUCE), £50 million Joint European Support for Sustainable Investment in City Areas ( JESSICA) Loan fund was fully invested in 7 projects by the end of 2015 and is now in the recycling period;
  • the Regeneration Capital Grant Fund has funded 40 projects as from 2014-15;
  • the Vacant and Derelict Land Fund: £73.21 million of funding provided to tackle vacant and derelict land in five local authority areas;
  • a Town Centre Action Plan was published on 7 November 2013 in response to the outcomes of the national review of town centres; and the Town Centre First Principle agreed with Convention of Scottish Local Authorities in 2014; and
  • a £2.75 million Town Centre Housing Fund is supporting a range of demonstration projects to test how empty town centre properties can be brought back into use for affordable housing.

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