Published: Wednesday, 29th July 2020
Work has begun on a new business park which will provide a major economic boost to the Scottish Borders and has the potential to create over 380 jobs.
Contractors Ogilvie Construction started on the ambitious Borders Innovation Park in Tweedbank this week, which will see four sites developed initially as part of the first phase.
Work had originally been due to begin in March but was postponed until this month due to the COVID-19 lockdown, in line with the Scottish Government’s roadmap for the return of the construction industry.
Facts and figures
- The £29m development will aim to deliver much needed high quality business space in the Borders, stimulate business growth and improve inward investment opportunities.
- As well as predictions that the new park will help create over 380 jobs, it is estimated it will generate Gross Added Value (GVA) of £350m over 30 years and offer a £16 return for every £1 spent.
- The first phase of the Innovation Park is expected to be completed by August 2021, with Ogilvie also contracted to complete phase two of the project. A third and final phase of the Innovation Park is also scheduled to take place, with revised completion dates for phases two and three being finalised.
Who is funding the Borders Innovation Park?
We are funding the Borders Innovation Park alongside:
- Scottish Enterprise
- Borders Railway Blueprint programme
- A £15m investment secured from the Edinburgh and South East Region City Deal.
Innovation Park part of prospectus to create over 1.4k jobs
The Borders Innovation Park is a key component of the Tweedbank Masterplan, a transformational prospectus which has the potential to create over 1.4k jobs across various sectors. It includes a number of ambitious ideas to encourage people to live, learn, visit and work in the Borders, as well as attract inward investment through public and private sector funding.
A key proposal of the Masterplan was the creation of the Borders Innovation Park, following analysis which demonstrated a demand of new business space in the area.
Also part of the Tweedbank Masterplan is the creation of Supplementary Planning Guidance (SPG), which has recently been consulted upon and will provide direction on the development of new residential and high quality business space within the village. This development is estimated to create a further 350 jobs and have the potential to generate GVA of £150m to the Borders economy.
Councillor Mark Rowley, Executive Member for Business and Economic Development
“We have experienced one of the most testing periods of time in living memory, with the local economy in the Borders being significantly impacted.
“As a result, seeing a major development such as the Borders Innovation Park now get underway is hugely welcome news.
“The Council recognises the potential of the Borders Railway for transforming our area’s economy by bringing new workers, homeowners, businesses and visitors to the region.
“The Borders Innovation Park will aim to capitalise on this once-in-a-lifetime opportunity at a site right beside the railway.
“We are confident the Park will deliver high quality, higher paid jobs for the Scottish Borders.”
Michael Matheson, Cabinet Secretary for Transport, Infrastructure and Connectivity
“As we look to our economic recovery, we are working with partners, to understand how best to move forward and respond to current circumstances. City Region Deals will be crucial to drive growth through projects that deliver significant and lasting benefits for individuals, businesses and communities across the country.
“Borders Innovation Park is a great example that builds on the huge success of the Borders Railway and I’m delighted to see it progressing.”
Donald MacDonald, Managing Director Ogilvie Construction
"We are delighted to start construction work in line with Scottish Government guidelines.
“We look forward to handing over a first class facility which is built to the highest standards and will play such a significant role in economic development for the Borders.”
A Tweedbank Masterplan image is available at our Flickr page.
- The Tweedbank Masterplan is a transformational prospectus for the Scottish Borders which has the potential to create over 1.4k jobs across various sectors
- The plan includes a number of ambitious ideas to encourage people to live, learn, visit and work in the Borders across five sites in the local community.
Borders Railway Blueprint programme
- The Tweedbank Masterplan is a key project in the Borders Railway Blueprint programme, which aims to maximise the opportunities presented by the railway
- Borders Railway Blueprint Programme includes Scottish Enterprise, Transport Scotland, VisitScotland, Scottish Government, Midlothian Council, the City of Edinburgh Council, Abellio ScotRail and Network Rail
- More information is available
Edinburgh and South East Region Deal
- The Edinburgh and South-East Scotland City Region comprises six local authorities – Edinburgh, Fife, West Lothian, Midlothian, East Lothian and Scottish Borders.
- A City Region Deal is a mechanism for accelerating growth by pulling in significant government investment.
- By investing this funding in innovation, skills and infrastructure, performance will be significantly improved, and we will tackle inequality and deprivation.
- The six local authorities that make up the Edinburgh and South East Scotland City region, together with regional universities, colleges and the private sector signed a City Region Deal with the UK and Scottish Governments, with a value of over £1.3bn.
- More information is available