Major Milestone reached for US$1.7 billion Waterfront Regeneration Project in UK

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Major Milestone reached for US$1.7 billion Waterfront Regeneration Project in UK

The planned regeneration of Granton Waterfront in Edinburgh is approaching a major milestone with approval likely for its first phase — a GBP1.3 billion (US$1.7 billion) redevelopment of the city’s largest brownfield site into a sustainable coastal town.

The first phase of the 10-year plan will see 847 new net-zero-ready homes built in partnership with Cruden Homes on the capital’s largest brownfield site. At least 45% of the homes will be affordable, including 214 for social rent, with the remainder split between mid-market rent and open-market sale. All will be heated by air-source heat pumps. The plans include retail and leisure facilities, and a new primary school to be procured separately. Construction is expected to begin early next year and be completed by 2033. The project has received support from the Scottish Government through capital grants and an innovative outcomes-based Place Accelerator funding model developed in partnership with the Scottish Futures Trust. The broader regeneration initiative — which features the restored Granton Gasholder repurposed as a public park — seeks to revitalise historic structures, generate local employment opportunities, and play a key role in helping Edinburgh achieve its 2030 net-zero goal.

The Scottish Government has committed up to £42 million (US$55 million) over 20 years to accelerate the next phase of Edinburgh’s £1.3 billion Granton Waterfront regeneration, enabling construction to begin early next year on 847 net-zero homes—including 387 affordable units—a new primary school, and space for 14 businesses on the city’s largest brownfield site. 

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