Strathclyde Street, Dalmarnock, Glasgow G40
The nature of regeneration is such that investments in land remediation and infrastructure improvements often have to be made many years before the full benefits are realised. Dalmarnock Power Station was once a landmark structure with a chimney that towered over the entire area. It operated from the 1920s until 1977 and at its peak generated enough electricity to supply the entire city. It was finally demolished in 1980 with the vast site, more than 13 acres in size, on the banks of the River Clyde, becoming vacant and derelict. Clyde Gateway purchased the site from a private developer in 2010 and in March 2012 awarded a £3m contract to have it fully remediated with the removal of tonnes of concrete and steel left behind at the time of demolition together with the removal of the invasive Japanese Knotweed. A drainage system was installed to support future development plans. Clyde Gateway sold the 22 acre (8.9 hectare) Dalmarnock Riverside site to Link Group Ltd in a deal worth £5.7m, paving the way for what has been a vacant and derelict area on the banks of the River Clyde to come back into use for the first time in almost 40 years. The funding for the acquisition by Link was provided by Glasgow City Council. Link commenced a six-year investment programme worth £65m that is delivering 562 homes including a comprehensive housing mix of various sized units across different tenures including New Supply Shared Equity (NSSE) purchase, mid-market rent (MMR), affordable rent and private purchase.