Derek Mackay MSP announces initiative to maximise Clyde’s potential for Renfrewshire’s economy

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

Derek Mackay MSP speaking at the State of the City Economy conference in Glasgow
Speaking at the State of the City Economy conference in Glasgow, Derek Mackay MSP announces a plan which will be developed to maximise the full economic potential along the River Clyde.

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

  •  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 in Renfrewshire and Queens Quay, Clydebank
  • 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

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 Renfrewshire, Inverclyde, the city of Glasgow, the wider region and Scotland. 

“The last 10 to 15 years have has 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 Renfrewshire and 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 Renfrewshire Council, Inverclyde Council and the other local authorities, public bodies and the private sector to achieve our ambitions for the Clyde.”

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