The council has agreed to invest £1.7 million to redevelop Ravenscraig as the next phase of the area's regeneration.
Since 2006, more than £200m has been invested in Ravenscraig, creating a state-of-the-art campus for New College Lanarkshire, the regional sports facility, 330 new homes and a £2.9m pub and restaurant.
In addition, large scale remediation of the former industrial land has taken place to provide safe, useful development land.
-- Advertisement --
A recent consultation on how best to develop the site highlighted the need to act quickly to exploit its potential. The £1.7m fund will be used from the council's Vacant and Derelict Land Fund.
Council Depute Leader Paul Kelly said: "Ravenscraig is key to the future economic prosperity of North Lanarkshire, as it has the potential to see thousands of new homes, jobs, businesses, retail and leisure opportunities created.
"Although the council does not own Ravenscraig, we are continuing to work with Ravenscraig Ltd to produce a new long-term masterplan for the site; all partners have a duty to drive forward its future development now. This £1.7 million will help pave the way for further investment from companies and partners who see the potential of this unique site at the heart of Scotland."
(LM/MH)
