Councillor Jim Logue, Leader of North Lanarkshire Council, hailed the investment as a “transformational step” in delivering a modern and thriving future for the area.
North Lanarkshire Council has officially unveiled its biggest-ever capital investment programme, committing £1.685 billion in the current five-year capital programme to revitalise towns, schools, housing, roads and community facilities.
Councillor Jim Logue, Leader of North Lanarkshire Council, hailed the investment as a “transformational step” in delivering a modern and thriving future for the area.
“This level of record-breaking funding is a transformational step to reshape North Lanarkshire and is like no other in Scotland,” said Councillor Logue.
“We are ensuring that our communities benefit from high-quality schools, improved transport links and revitalised town centres, making North Lanarkshire the place to live, learn, work, invest and visit.”
The Strategic Capital Investment Programme 2024/25 to 2028/29 report went before councillors at a meeting of the Policy and Strategy Committee on Thursday.
The report outlines how the investment is expected to generate significant employment and business opportunities. By improving infrastructure and town centres, the programme will attract new businesses and investment into the area.
READ MORE: Man charged after police raid in Lanarkshire uncovers £150k worth of drugs
The investment plan includes:
- £347 million for new Town and Community Hubs, towards new projects in Abronhill, Glenboig and Ravenscraig.
- £41 million to improve schools, cultural spaces and leisure facilities, including a strategic review of swimming pools.
- £95 million for City Deal infrastructure, including the East Airdrie Link Road.
- £45 million for town centre regeneration, with a focus on redeveloping Cumbernauld.
- £37 million to improve roads, bridges and flood defences.
- £18 million for parks, including the redevelopment of Strathclyde Park Watersports Centre.
- £23 million for digital and business system upgrades.
£13 million to support local Community Boards and community asset transfers.
A key part of the investment programme is the Community Investment Fund (CIF), which has allowed the council to unlock additional funding for local regeneration.
The fund is supported by a proportion of Council Tax increases and is helping to drive forward major projects that will benefit residents and businesses across North Lanarkshire.
In addition to the general capital programme, the council’s Housing Revenue Account (HRA) Capital Programme will see a further £829 million invested in existing and new housing stock over the next five years.
This includes £539 million for mainstream housing improvements, including modernisation, energy efficiency measures, and repairs as well as £290 million for the council’s new supply housing programme, supporting the construction of high-quality, affordable homes.
READ MORE: North Lanarkshire school reaches Marine Litter Art Competition final
Councillor Logue added: “This programme reflects our ambition to grow North Lanarkshire’s economy.
“We are creating thriving schools, stronger businesses, and well-connected communities. The Community Investment Fund plays a vital role in ensuring we can continue to deliver these improvements, providing a sustainable way to invest in our future.
“This is about long-term sustainability. We are laying the foundations for future generations while creating jobs and boosting local businesses.”
*Don’t miss the latest headlines from around Lanarkshire. Sign up to our newsletters here.
And did you know Lanarkshire Live had its own app? Download yours for free here.
READ MORE: Planning permission sought to increase bedrooms and add spa to proposed luxury wedding venue
