It’s nearly five years since the company was reactivated and we thought it was time to tell people what we have achieved and our future investment plans for North Lanarkshire. Our purpose is to promote regeneration and encourage economic development in North Lanarkshire through physical development projects.
Fusion Assets was originally established following the closure of Boots’ plant in Airdrie and now operates as an arm’s length Property Development and Regeneration Company of North Lanarkshire Council. To date Fusion Assets has invested ... Read more
Over the last five years, Fusion Assets has been focussed on building up the asset base of the company by acquiring sites and improving the land to make each site ready for development so that joint venture partners and external investment can be secured. We have now remediated (or are in the process of improving) 44 acres of vacant and derelict land across North Lanarkshire – that’s equivalent to 25 football pitches!
With construction completed at Dundyvan and works going ... Read more
Detailed planning permission has been secured for the development of 45,000sqft of business and industrial space on a 3.6 acre site now known as Western Campus, to the rear of Strathclyde Business Park.
Fusion Assets have already undertaken site remediation and servicing works funded through the Scottish Government’s Vacant and Derelict Land Fund, to allow construction works to begin immediately.
The new development will provide a variety of energy efficient industrial units with capacity for both large and small space requirements, ... Read more
Following an award of over £1.1m grant funding from the Scottish Government’s Regeneration Capital Grant Fund, work is due to start on site at Drumpellier Business Park in Coatbridge. In a joint venture with Stirling based Ogilvie Group Developments, the site has already been prepared for development with upgraded services and provision of a new access road. Planning permission is in place for a 65,000sq ft office development and we are now also looking at broadening the range of uses ... Read more
The Scottish Partnership for Regeneration in Urban Centres (SPRUCE) is a £50m funding source for regeneration projects within targeted areas of Scotland. SPRUCE has been established with finance from the Scottish Government and the European Investment Bank and is operated by a private sector fund manager – Amber Infrastructure. It is part of a wider European urban development fund known as JESSICA (Joint European Support for Sustainable Investment in City Areas).
The SPRUCE fund was launched December 2011 and is ... Read more