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The west of Edinburgh is the fourth largest employment area of the City and so it makes sense to provide homes close by. Edinburgh's Garden District masterplan does exactly this, as well as creating a number of other economic benefits to the City. Almost one billion pounds will be invested in the creation of the Garden District over the life of the project.
The Council's 'Vision for Capital Growth' document recognises that it may be in the City's long term interests to grow, and to reach a critical mass of population that is more likely to sustain and attract economic investment.
The project will sustain up to 100 jobs from its outset and this will increase steadily to reach 650 jobs by the time the development is complete. It will maintain these jobs from then on.
Just over £50 million a year will be generated by Edinburgh's Garden District, which will have a long term Gross Value Added impact of just under £26 million per year.
The proposals will also make a significant contribution to the supply of family homes in the City. There is currently a shortfall in supply, and it is forecast that this shortfall will increase over the coming years as the population grows. The development of 3,500 homes, with a quarter of those being affordable, will help Edinburgh house its growing population in a sustainable manner, close to jobs and efficient public transport.
Source: DTZ research
