Report reveals economic boost
of Boroughmuir restoration work
The redevelopment of one of Edinburgh’s
most iconic old school buildings will deliver
an economic boost of over £45 million to
the local area. Philip Hogg, Sales and Marketing Director at
CALA Homes (East), said: “We’re committed
to developing communities rather than
simply building new homes.
Homebuilder CALA Homes (East) will
create a development of 87 refurbished
contemporary one to four bedroom
apartments as it restores the former
Boroughmuir High School. In addition, a
further 17 mid-market rent apartments will
be delivered. “The construction sector has a pivotal role
to play in building and sustaining local
communities from helping local trades to
thrive and creating jobs through to helping
independent shops to prosper.
An indication of the scale of likely benefits
to the surrounding area has been set out
by independent experts, who assessed the
economic impact of the plans laid out by
CALA.
The report states that the renovation work
at Boroughmuir will create 105 jobs per year
– 55 construction jobs and 50 supply chain
jobs.
CALA’s work will deliver a £41.9m cash
injection to the local economy through the
£20.4m construction value and £21.5m
worth of economic output.
There will also be £757,000 as part of S75
developer contributions to improve schools,
leisure facilities and infrastructure while
creating much-needed new homes. The
local authority is estimated to receive an
extra £290,000 through additional council
tax revenues.
38 - www.refurbandrestore.co.uk
“Given the sensitive nature of this
refurbishment project, we have carefully
selected specialist subcontractors,
some of which are local, who bring
extensive experience and expertise to this
development.
“We are proud that our work can bring
benefits for both people that choose to live
on our development and also to the wider
Bruntsfield community.”