Investment plan

Glasgow unveils £ 30bn ‘Greenprint’ investment plan to boost net zero targets


GLASGOW City Council has launched a £ 30 billion portfolio of investment projects designed to support the city’s ambition to become net zero by 2030.

The ‘greenprint’ includes the creation of a Glasgow metro that would serve both the city and the wider region, as well as the construction of a ‘ceiling’ on a major M8 interchange at Charing Cross to provide new public domain on the highway.

Artist’s impression of the potential new public domain of Charing Cross

The local authority said it hopes the £ 30 billion greenprint will attract outside investment, boost economic activity and create new jobs and business opportunities in the city.

The plan also details the 3% increase in forests in the Glasgow area; a £ 10 billion program to improve the insulation of all homes in the area; the start-up of a district heating network in Glasgow; make the Glasgow City Innovation District 100% climate neutral and climate resilient; opportunities at Advanced Manufacturing Innovation District Scotland; an expansion of the Scottish Event Campus (SEC); creation of a new fashion production site in the United Kingdom; and investment opportunities in the Clyde Gateway – including commercial, residential and hotel.

Councilor Susan Aitken, Glasgow City Council Head, said: “Glasgow stands ready to meet the challenges of the climate emergency, addressing the long-standing social, economic and environmental challenges of fuel poverty, connectivity and the scourge of communities while respecting our climate. targets. Our net zero future is built on safer communities, warm and efficient homes, sustainable jobs and a thriving economy. The transition must be about the social and economic well-being of Glasgow and its people.

“This will require unprecedented levels of investment in local governments and adaptation plans that will be critical to building a modern, resilient and inclusive urban economy. A central element of the Glasgow Green Deal, our “Greenprint” brings together transformational, investable and ready-to-go projects. From an all-new transportation system better connecting citizens to opportunity, generating renewable energy from the River Clyde and upgrading hundreds of thousands of homes in our urban area, Greenprint projects will provide the infrastructure needed for a low carbon and climate resilient future.

“All cities are facing huge changes. Glasgow’s challenges are typical of those of so many of our global peers. As cities rebuild to decarbonise, we can be the demonstrator to shape these solutions. The success of COP26 will be measured by how cities can take the practical steps necessary to secure the future of our planet. Our Greenprint provides an important part of our roadmap to achieve this.


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