Glasgow launches £30bn ‘Greenprint for Investment’

Glasgow City Council has set out a £30bn portfolio of investment projects designed to aid the city’s ambition of becoming net-zero by 2030.

The green plan pinpoints key projects to transform the city. These include building a Glasgow metro to service the city and wider region, construction of a ‘green cap’ above the M8 at Charing Cross to open public realm over the motorway and a city-wide £10bn retrofit programme.

Cllr Susan Aitken, Leader of Glasgow City Council said: “A core element of Glasgow’s Green Deal our ‘Greenprint’ brings together transformational, investable and shovel-ready projects.

‘From an entire new transport system better connecting citizens to opportunities, generating renewable energy from the River Clyde and upgrading hundreds of thousands of homes across our city region, the Greenprint projects will deliver the infrastructure necessary for a low carbon, climate-resilient future.”

10 featured projects in the Greenprint

Glasgow City Region Home Energy Retrofit Programme

A ten-year £10bn programme to upgrade the insulation of all homes in the Glasgow City Region to achieve net zero carbon emissions. The project explores the use of innovative renewable technologies to deliver clean energy.

Glasgow’s District Heating Network

Build a wider district heating network. Two key projects in Polmadie and Gorbals Districts act as testbeds and a unique and innovative proposal to harness the power of the River Clyde for the city’s heat demands is underway.

Climate Neutral Innovation District

The University of Strathclyde is leading an ambitious project to make the Glasgow City Innovation District 100% climate neutral and climate resilient.

Charing Cross M8 Green Infrastructure Cap

Revitalise and re-green the city’s public realm including a cap over a major interchange of the M8, the busiest motorway in Scotland.

Glasgow Metro

A new transport provision that will improve connectivity within Glasgow and the wider City Region encompassing a population of 1.8 million.

Scottish Event Campus (SEC) Expansion

£180m expansion plans including an ambitious energy concept aim to turn the SEC into one of the world’s most sustainable campuses and includes several globally competitive and cutting-edge conference and exhibition innovations.

Advanced Manufacturing Innovation District Scotland

With outline planning permission and on-site enabling works, around £150m will be invested in an emerging centre of excellence and innovation as part of Scotland’s answer to balancing manufacturing requirements while meeting net zero commitments.

Micro Park Apparel Project

Micro Park will aim to create a new location for fashion production in the UK, embedding circularity across all areas of activity including resource use, textile and fibre reuse and packaging.

 

Green Regeneration and Innovation District

As Scotland’s first Green Regeneration and Innovation District, Clyde Gateway offers investment opportunities in this regeneration areas across all sectors including commercial, residential and hotel, will encourage circularity in the built environment.

Clyde Climate Forest

The Clyde Climate Forest aims to plant 18m trees in Glasgow City Region over the next decade, significantly increasing the extent of atmospheric carbon fixation through tree growth in the region.

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Balfour lands latest £52m deal to ‘rewire London’

Balfour Beatty has been awarded a £52m contract by National Grid to deliver essential cabling works as part of the London Power Tunnels 2 project.

Balfour delivered the cabling works for phase one of the project, north of the Thames, in 2017 and will now start on the second phase of the scheme to ‘rewire London and connect with the capital’.

Works will include installing 200km of 400kV cables within a 32.5-kilometer tunnel network, deep below the ground between Wimbledon and Crayford.

Connecting several substations across the city, the cables will run through an underground tunnel network to minimise disruption to local communities and the travelling public when future maintenance and repair works are required.

Balfour Beatty will deploy the second generation of its Automated Cable Installation Equipment (ACIE) machine.

Developed in-house and utilised on the first phase of the scheme, the second-generation machine features laser sensors and cameras to improve the speed and quality of the works.

The ACIE has also revolutionised the safety of tunnel cable installation works by reducing the number of people required within the underground tunnels manually installing the cables.

Ian Currie, Managing Director of Balfour Beatty’s Power Transmission and Distribution business said: “We are delighted to be working with National Grid once again. Our world leading expertise and innovation in tunnel cable installation, combined with our deep sector knowledge, makes us ideally positioned to successfully deliver this critical piece of national infrastructure.”

Cable installation work will begin in January 2023 with the full package of works expected to be completed in 2026. At peak construction, Balfour Beatty will employ a workforce of around 150 people, as well as approximately eight apprentices.

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Clancy delivers strong profit growth as margin hits 4.5%

Civils contractor Clancy has delivered strong financial performance and boosted its order book to £1bn after a successful group restructure.

Rising profitability, with operating margins up to 4.5% from 1.4%, and strong cash flow allowed Clancy to unleash a record capital investment programme.

Around £20m has been invested in plant, equipment and technology to effectively build a platform for long-term growth.

This includes a growing spend on increasing Clancy’s zero-carbon fleet and an ‘electric first’ company car policy.

Despite the pandemic, the Harefield-based firm delivered an £11.1m pre-tax profit in the year to March 2021, up from £3.5m previously, and completing a business turnaround from a £2.8m loss four years ago

Turnover slipped back by 14% to £255m due to both the planned exit from loss-making business and the impact of the pandemic.

 

The firm, which employs 2,200 people, boosted its order book following a strategic focus on water, energy and wider infrastructure markets.

This summer Clancy opened the way for further expansion securing a new contract with Scottish Water providing repair and maintenance to Scotland’s water and waste water network for up to 12 years.

The expanded framework will help to double the size of Clancy’s operations in Scotland.  While a place on Northumbrian Water’s capital works framework supported a growing presence in the north east of England.

 

 

Kevin Clancy, chairman at Clancy said:“We are a family-run business and retain an entrepreneurial spirit which has enabled us to be agile and resilient throughout the challenges of the past year.

“This helped us to stay on track to deliver our long-term strategy, with results that reflect our journey over the last three to four years as much as the most recent twelve months.

“Our model of direct employment and investment in people remains a differentiator at a time when the construction industry as a whole faces significant challenges over the availability of experienced resource.”

 

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