Mission Alignment

This investment aligns with the Bank’s place mission, to invest in places and regeneration to reduce inequalities and improve opportunities and outcomes for people and communities.

The Station Wynd site, immediately adjacent to Nitshill train station, is a brownfield site currently part of the Glasgow Vacant and Derelict Land register. The development will transform this derelict site to a modern housing development of desirable and liveable family homes built to a high design specifications.

The homes facilitated by the Bank’s loan are being developed under a development agreement between Strathcarron Developments Limited and Glasgow City Council, with the site part of the council’s Nitshill Regeneration Framework.

The Bank’s loan of £3million will be repaid by the developer from sales proceeds of the housing. The developer was unable to find finance from the high street banks or other private sector finance to support this development.

“These homes will increase access to affordable housing in the area, enabling first-time buyers in Nitshill to stay in their community.”

Eilidh Mactaggart

CEO - Scottish National Investment Bank

Key Information

  • Amount Invested

    £3m

  • Location

    Nitshill, Glasgow

  • Grant Funding

    Scottish Government, administered by Glasgow City Council

  • Homes planned

    25

Key Quotes

Eilidh Mactaggart, CEO of the Scottish National Investment Bank said:

“These family homes will allow local people to buy a good quality, energy efficient, first home with excellent public transport links.

“The regeneration of the current site, and priority for local buyers, means that these homes will be a valuable addition to increase access to affordable housing in the area, while bolstering the local community and enabling first-time buyers in Nitshill to stay in their community.”

Dallas Rhodes, Director of Strathcarron Developments said:

“Station Wynd is an important project that has been in the pipeline for some time now, and the involvement and support of the Scottish National Investment Bank and Glasgow City Council has helped to finally bring it to fruition.

“Improving derelict spaces like this can help evolve whole communities and we hope it will have a really positive impact for the local area and lead to further investment.”

Alignment to the United Nation's Sustainable Development Goals

All of the investments the Bank makes support the UN's Sustainable Development Goals. This investment supports the goals below:

  1. 3. Good health and wellbeing with cardio image

    Goal 3

    Good Health and Well-Being

    The links between good quality homes and good health are well proven

  2. 8. Decent work and economic growth with increasing bar graph and arrow image

    Goal 8

    Decent Work and Economic Growth

    Supporting construction activity and the construction supply chain

  3. 9. Industry, innovation and infrastructure with interlocking cubes image

    Goal 9

    Industry, Innovation & Infrastructure

    Additional opportunities for key contractor employees e.g. for apprentices

  4. 10. Reduced inequalities with multidirectional arrows image

    Goal 10

    Reduced Inequalities

    Helping to retain economically active households in this area

  5. 11. Sustainable cities and communities with cityscape image

    Goal 11

    Sustainable Cities and Communities

    Regenerating a brownfield site to create new, affordable, good quality homes

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