The Scottish government has announced funding of £42 million to support the first phase of the Granton Waterfront regeneration in Edinburgh, Scotland's largest brownfield regeneration project.
The funding package is being provided to City of Edinburgh Council over a 20-year period and will help deliver the country's biggest low-carbon housing development on the former industrial land.
Work is expected to start early next year on the initial phase of the site, which will feature 847 net zero homes, including 387 affordable homes. This phase will also include a new primary school and space for 14 businesses.
The wider Granton Waterfront initiative is a £1.3 billion programme that will ultimately deliver 3,500 new homes, space for leisure facilities, and Scotland's largest coastal park.
Deputy First Minister Kate Forbes said the investment demonstrates the government's commitment to tackling housing and climate emergencies, and noted that the partnership with the Council is "unlocking £220 million in private sector investment".
The funding is conditional on the Council meeting targets, including the creation of job and apprenticeship opportunities and investment in non-profit organisations to tackle disadvantage in the north of Edinburgh.
City of Edinburgh Council Leader Jane Meagher welcomed the funding: "The regeneration of Granton Waterfront is about helping make Edinburgh more inclusive by improving educational attainment, health and well-being, local employment opportunities and eradicating child poverty."
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