First step is £33m of infrastructure work in transport, power and water to pave the way for a major business and transport hub, to be called International Business Gateway .
The developer is Edinburgh International Development Partnership, comprising Scottish Enterprise, Edinburgh Airport Ltd, New Ingliston Ltd, the Royal Highland Agricultural Society of Scotland, City of Edinburgh Council Transport Scotland and the Scottish government.
The partnership estimates that development of the area could create up to 3,600 new jobs across Scotland, attract significant inward investment and support greater international trade. It claims that it could lead to an injection of as much as £4.4bn into Scotland’s economy.
As well as expansion of the airport, the plan includes development of a business park of up to 500,000 sqm and the £30m redevelopment of the Royal Highland Centre to create an event space and centre of excellence for rural enterprise, agriculture and primary industries.
Scottish finance secretary John Swinney said: "Scottish ministers are pleased to endorse the West Edinburgh Implementation Plan. Whilst this is not a commitment to future funding from the Scottish government, the partnership approach to preparing the Implementation Plan is a positive example of what can be achieved to facilitate long term growth despite the difficult economic climate. We wish the Edinburgh International Development Partnership every success in delivering the vision for West Edinburgh."