Nearly £9billion of public and private investment will deliver an economic boost to the north-east between now and 2030, new figures from Aberdeen and Grampian Chamber of Commerce (AGCC) show.
AGCC’s latest investment “tracker” – its second under a partnership with professional services firm EY – tallies up the spending on projects either under way or planned for the region.
These include a £100million extension to Aberdeen’s Bon Accord shopping centre, controversial plans for a £50million football stadium for Aberdeen Football Club at Westhill and the £65million Silver Fin office development in the heart of the Granite City.
A replacement school for Kincorth Academy, costing £47million, and £20million-worth of improvements at Aberdeen International Airport are among other investments contributing to an estimated £8.9billion economic boost. AGCC said projects worth a total of £89.5million have been completed in Aberdeen since the first tracker last year.
James Bream, the chamber’s research and policy director, added “The first tracker … revealed over £5billion of infrastructure projects were either planned or already underway in and around the region. What this newest version shows is that the confirmed level of investment … here in the north-east is continuing to grow.”