Green Investment Plan for Glasgow Announced

Glasgow will bring forward plans for its own green funding model in a bid to secure massive investment in a climate resilient future.

The city is set to target innovative partnerships capable of delivering large-scale interventions in everything from energy systems and transport to buildings and biodiversity.

Council leader Susan Aitken said detailed plans would be published and go before committee for approval early in the new year.

Glasgow's bid for green investment comes after a period in which the city has already attracted more than £300 million in additional public cash - and will learn from successful work carried out in Bristol; where a ground-breaking investment mechanism is expected to generate around £1 billion to rapidly increase the scale and pace of investment in low carbon energy infrastructure.

Cllr Aitken said:

This milestone State of the City Economy event has afforded us an opportunity to look back at the progress we've made, take stock of where we are and continue laying the foundations for the future.

These are hugely challenging times economically and socially for cities across the UK. But the building blocks we've put in place in Glasgow in recent years are now bearing fruit.

In just over a year we've secured £300Million in public investment to advance cutting-edge new sectors; work on the transformational Clyde Metro project today takes its most significant step forward to date, and we're announcing a huge advance in delivering the multi-million investment needed for Glasgow's transition to Net Zero.

And in seeking to make Metropolitan Glasgow the most resilient, diverse and innovative regional economy, we're making major strides in improving the life chances and opportunities for all Glaswegians.