Local MSP welcomes initiative to maximise the Clyde’s potential for Inverclyde’s economy

Stuart McMillan MSP has welcomed an initiative that seeks to capitalise on the economic benefits the River Clyde can bring to his Greenock and Inverclyde constituency.

On Friday, Renfrewshire North and West MSP and Economy Secretary for the Scottish Government, Derek Mackay, announced that a plan will be developed to maximise the full economic potential along the River Clyde for Inverclyde, the city of Glasgow and the wider region.

The initiative will be led by the Scottish Government, with input from Scottish Enterprise, other agencies, local authorities including Inverclyde Council, and the private sector. It will focus on:

  • strengthening industries such as shipping, shipbuilding and marine engineering and create new ones to support more jobs
  • bringing vacant and derelict land back in to productive use
  • improving the river for visitors, local people and communities
  • managing the risk of flooding
  • realising the potential of the river to help address the climate change emergency including the opportunity to use the energy from the Clyde to heat local housing
  • bringing forward investment through the Scottish National Investment Bank and the Green Growth Accelerator model
  • attracting further investment to the Clyde area to add to the hundreds of millions the Scottish Government is already investing in projects such as the National Manufacturing Institute and Queens Quay

Derek Mackay MSP made the announcement in a speech at the State of the City Economy conference in Glasgow on Friday (10 January). He said:

“The River Clyde has a long history of supporting the economies of Inverclyde, Glasgow, the wider region and Scotland.

“The last 10 to 15 years have seen significant public and private investment transforming the banks of the river and there is a strong pipeline of future investment, including projects funded through our £500 million commitment to the Glasgow City Region Deal which includes Inverclyde.

“This initiative will build on that success and aim to make better use of the river and surrounding land to help deliver our economic, social and environmental ambitions, and to bring benefits to local people and communities.

“There is a fantastic opportunity to not only put the Clyde back at the centre of our economy and communities, but also at the heart of our plans for a net zero future.

“I look forward to working closely with Inverclyde Council and the other local authorities, public bodies and the private sector to achieve our ambitions for the Clyde.”

Greenock and Inverclyde MSP, Stuart McMillan, said:

“I warmly welcome this initiative and look forward to engaging with those involved to maximise Inverclyde’s economic potential.

“Inverclyde boasts shipbuilding and tourism opportunities galore and this initiative will help capitalise on the range of economic and social benefits they can generate for the area.

“I have long called for a focus on long-term strategic planning and developing a vision for Inverclyde that everyone can get on board with, and I believe this initiative will be a vehicle for achieving these goals.

“Alongside the £14 million worth of funding on its way to Diodes from Scottish Enterprise, this further highlights the Scottish Government’s commitment to Inverclyde and supporting our local economy.

“This will undoubtedly have a positive knock-on effect for the entire Clyde region and I hope all stakeholders play a full part in this initiative.”

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