PLANS to create a new employment hub at Ravenscraig are underway with confirmation of the sale of the first plot of employment land at SevenFourEight to Fusion Assets.
Construction of the initial phase of enabling works will begin immediately, funded through the Scottish Government’s vacant and derelict land programme, with Fusion Assets due to submit a planning application early next year to build a multi-use industrial scheme on the 6.4-acre site.
The acquisition follows ‘significant’ investment by Ravenscraig Limited to prepare the site for development, most recently with the construction of the new £4.5 million access road.
Russell Wilkie, director of Ravenscraig Limited, said, “This is the latest in a series of milestones at Ravenscraig as we build out the site into a mixed-use community where people live, work and play. We now have over 1,000 households, a nationally significant sports facility, college, pub, park and extensive accessible green space, with great road and public transport links.”
Murray Collins, MD of Fusion Assets, added, “This marks the latest achievement in Fusion Assets’ ongoing development programme of targeting long term derelict sites and successfully transforming them into thriving business locations.”
In October 2020, funding approval was granted for the £127 million Ravenscraig access infrastructure project, which will see Ravenscraig connect north to the M8 and south to Motherwell and the M74. The first phase of works, funded by North Lanarkshire Council and the Scottish and UK governments through the Glasgow city region city deal, commenced in 2022 to install a new railway underbridge on the West Coast Mainline as part of an initial £16.9 million investment.
