Lomondgate 2016 economic impact
July 27th 2016
An independent economic impact report reveals that over 700 people now work at Lomondgate – the regeneration project initiated in the aftermath of the closure in 2000 of the J&B bottling plant at Dumbarton with the loss of 470 jobs.
The report, commissioned by Strathleven Regeneration CIC, shows that, at April 2016, there were 728 people working at Lomondgate in a mix of full time and part time roles, translating into 692 full time equivalent jobs. In addition, the equivalent of 77 permanent construction jobs have been created through the £98.9 million of capital investment which has been attracted, including over £45 million invested in building new houses. The report states that in total £311 million has been generated in the region’s economy by Lomondgate and its businesses including Aggreko and the BBC.
The entire footprint of the former J&B bottling plant has now been regenerated. What remains of the redundant plant has been occupied since 2002 by BBC Scotland as the set for River Cityand studios where other programme-making takes place - as reported recently, Still Game is currently filming at the Dumbarton Studios. The remainder of the former whisky site was cleared and has been redeveloped with 344 new homes by Walker Group, Persimmon Homes and Taylor Wimpey.
The 2015/16 year saw Euro Garages’ first new build petrol station in Scotland and Jaconelli’s Fish open for business. Both have been quick to receive recognition from their respective industries with Lomondgate Service Station winning the title of Best New Build Store at the Scottish Local Retailer Awards in June and Jaconelli’s Fish named runner up in the ‘Scotland’s Best Newcomer’ category of the Entertainment and Hospitality Awards’. Lomondgate itself won the title of ‘Community Development Project of the Year’ at the prestigious Scottish Property Awards 2016.
Premier Inn has just commenced preparatory works for a 54 bedroom extension to its existing 60 bedroom Lomondgate hotel and West Dunbartonshire Council has backed plans for a further 58 houses at Lomondgate.
Strathleven Regeneration, which was established with support from West Dunbartonshire Council, Scottish Enterprise and Diageo, is delivering the project through a partnership with developers, Walker Group (Scotland) Ltd
Commenting on the report’s findings, the Chairman of Strathleven Regeneration, Bruce Malcom, said: “The fact that nearly £100 million of investment has been secured at Lomondgate in the most challenging economic conditions for decades shows the sheer potential of the location and bears testament to the strength of Strathleven Regeneration’s partnership with the Walker Group.”
Council Leader Martin Rooney, who also serves as a Strathleven Regeneration Company Board member, said: “This is great news for everyone involved at Lomondgate, with so many jobs created and significant investment in the area. This Council is committed to increasing economic growth and employability across West Dunbartonshire and these latest figures for Lomondgate show that our approach is working. I’m sure this development will continue to go from strength to strength in the years ahead.”