Fresh call for entrepreneurs to drive Dundee Waterfront

Mike Galloway

A fresh call for entrepreneurs to help drive the expansion of Dundee Waterfront’s economy will be made by Waterfront project team when they launch a new round of investment roadshows in November.

Dundee’s £1 billion Waterfront project is particularly targeting interest from the hospitality, leisure and tourism service businesses to ensure the city is well-placed to capitalise on several hundred thousand extra tourists expected every year after the V&A Museum of Design Dundee opens in 2018.

“There will be considerable demand for a wide range of businesses able to provide everything from accommodation and hospitality to merchandise, catering, bespoke tours and entertainment” said Allan Watt, Dundee Waterfront Project Director. “The economic boost will also provide opportunities for professional services firms, retailers and services businesses. We are also pleased to say that Proposal of Application Notices (PAN’s) have just been received for sites 2 and 6 for a variety of mixed-use developments.”

In addition to the £80m V&A Museum of Design Dundee, other major investments driving the development of the Waterfront economy include a new railway station with hotel and retail space; expansion of Dundee Port, and the creation of a new marina. The Scottish Government is also investing £63m of growth funding under the Growth Accelerator Model (GAM).

Committed investment in the Waterfront project has now passed £750m, and includes 5 five flagship private sector investments announced earlier this year, and the opening by the Queen of a new city centre park, Slessor Gardens. Around 156,000 square metres of prime land in the central waterfront is now ‘shovel ready’ and available for mixed use development.

Mike Galloway, Executive Director of City Development with Dundee City Council said: “The invitation to engage with the Dundee Waterfront project is a rare blank canvas development opportunity for businesses and investors. We are keen that more of Scotland’s entrepreneurs and investors help us shape the development of this city with their ideas and business expertise.”

The first roadshow is in Aberdeen on 9th November, followed by Edinburgh (morning) and Glasgow (lunchtime) on 23rd November. Tickets can be requested at info@dundeewaterfront.com