February 12 ,2016 | by Hari Srinivasan

Firm reveals plan for £20m business hub to boost Scottish economy

Business hub to boost Scottish economy

A new £20m Dundee Waterfront hub will help to create jobs and grow the economy, according to developers. Plans have been announced for the creation of a new city square, which will include a “Design and Innovation Quarter.”

The project is being developed by Our Enterprise and will help to provide opportunities for the city’s graduates and entrepreneurs, as well as hosting a variety of businesses. The development also aims to attract creative industries and provide extra jobs and living opportunities in the area.

Our Enterprise founder and chief executive Matthew Bell said: “Dundee’s vision for the Waterfront is a perfect match for us and we are thrilled to bring our investment, energy and drive to this groundbreaking project.”

Urban community

The development will include units for creative businesses to “design, make and sell” over 90 apartments and over 10,000 sq. ft. of space for commercial units. Developers are aiming to create a new urban community with the project, with executive director of city development Mike Galloway describing it as a “hugely important development” for the city.

Proposals and planning application for the project will be developed by Our Enterprise and the city council over the coming months.

Serious interest

Dundee City Council city development convener Councillor Will Dawson said of the project: “Dundee Waterfront is attracting serious interest as this important regeneration project progresses.

“The city’s profile is already benefiting from our association with the V&A and the award of Unesco’s City of Design status.”

Dawson added that he is looking forward to the development of the “exciting” plans for the Waterfront, stating that it will help to “create jobs and grow the local economy.”

Hari Srinivasan

Hari is the LSBF Blog's News Editor. He manages the editorial content on the blog and writes about current affairs, SME, entrepreneurship, energy, education and emerging market news.

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