Granton Waterfront Gets Big Boost | Edinburgh News

0:00Alright, let's talk about Grantz and Waterfront in Edinburgh. The National Wealth Fund just dropped a cool 38 million, 400,000 pounds, as alone to get the first part of this massive. Regeneration project rolling. This money is specifically for the groundwork, thin cleaning up the land, putting in roads, and setting up utilities before any actual homes can go. Up. This whole Grantz and Waterfront scheme is a big deal, a 1.3 billion pound vision to transform a former industrial area into one of. Scotland's largest regeneration sites. The ultimate goal is to build around 3,500 energy efficient homes, which is a serious move to help with Edinburgh's housing. Shortage. It's interesting because this loan comes right after the council decided to hold off on extending the tram line to the area, but this funding is designed to do more than just pay for the initial prep work. By covering these upfront costs, it's expected to attract another 160 million pounds in private investment for the homes that will.

1:02Be built for sale. Now, phase one is already underway. When it's finished, we're looking at 847 homes, including over 200 for social rent, plus a new school, and some. Shops. This is just the start though. The full project aims to deliver those 3,500 homes along with leisure spots and what's being called, Scotland's biggest coastal park. So this loan from the National Wealth Fund is a key piece of the puzzle, making the whole project more financially sound and hopefully bringing in more partners. It's all about turning a neglected part of the city into a vibrant new community and tackling that urgent need for housing. I'm Corey with the story. That's your Edinburgh News today update, AI-powered and always on.