One of the largest public sector-led regeneration projects in Scotland, the Granton Waterfront development in Edinburgh, is poised to take a significant step forward.

The business case for Phase 1 of the £1.3 billion coastal town project is due for approval by the Finance and Resources Committee on Tuesday, 18 November, before heading to the full Council on Thursday, 18 December.

The comprehensive delivery plan for this phase involves entering into a development agreement with Cruden Homes to provide site-wide enabling works, infrastructure, and 847 new homes. All residences will be fitted with an air source heat pump, offering residents warm, energy-efficient, 'net zero ready' homes with fairly priced energy bills.

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Key details of the housing delivery include:

• Affordable Housing: At least 45% of the new homes will be affordable, with 214 designated for social rent and the remainder a mixture of mid-market rent and homes for sale.

• Infrastructure: The development also includes new retail units, extensive public and open green space, and a new primary school (to be delivered under a separate contract).

The regeneration is funded by the Council, having secured capital grant funding from the Scottish Government's Housing Infrastructure Fund and revenue funding through an innovative Place Based Accelerator grant, formulated with the support of the Scottish Futures Trust.

Council Leader Jane Meagher hailed the project as the largest public sector-led initiative of its kind in Scotland, stating that it would "set the standard for sustainable economic growth in Edinburgh".

Early action projects are already underway, including the recently restored iconic Granton Gasholder (now Gasholder 1 Park) and the refurbishment of the historic Granton Station into a creative hub.