A Socio-Economic Study, prepared by our Development Economics team, has been published today within the Master Plan for Hunterston Port and Resource Centre (PARC) - one of the largest dry docks in the country, with two rail terminals, deep water and 300 acres of development land.
Our report, prepared on behalf Peel Ports Group Ltd, provides a socio-economic evidence base highlighting that the proposed development at Hunterson PARC will enable this unique site to become a major employer and driver of business growth in the North Ayrshire region, as well as being a nationally important infrastructure asset.
The priority afforded to Hunterston in national policy places it at the forefront of Scotland’s strategy to be a low-carbon, circular economy and the development potential responds directly to the UK Industrial Strategy’s drive to improve productivity.
Hunterston PARC will incorporate a variety of land uses, though it is expected that the opportunity will be particularly attractive to businesses that are in the energy, renewables, construction and manufacturing sectors, requiring multi-modal access - including deep water port access and direct access to the rail network.
The Socio-Economic Study has helped inform the indicative mix of uses at PARC. It also assessed their potential contribution to local economic development and growth, highlighting that it could see the creation of over 1,700 jobs in a diverse range of sectors and add over £140m in economic value to Scotland.
Development Economics Director James Donagh said “Hunterston PARC is a truly unique asset. We are delighted to have played a part in making the economic case for development at this nationally significant site, highlighting how the site could play a key part in serving economic prospects in North Ayrshire, the West Coast and Scotland as a whole.”
Our full Socio-Economic Study can be read here and the full Master Plan viewed below:
As featured by the BBC, The Scotsman, Energy Voice, STV and the Herald.
Images: Peel Ports Group
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Ports, Infrastructure, Employment, Development Economics