The closure of Ravenscraig Steelworks in 1992 has created one of the largest regeneration sites in Europe.
After years of planning and preparatory work, a new joint venture known as Ravenscraig Ltd was formed to redevelop the site. The partnership originally comprised Wilson Bowden Developments, Scottish Enterprise and Corus. Tata Steel is now the third partner.
Since development work began in 2006 more than £200m has been invested in Ravenscraig, resulting in the creation of a new state-of-the-art campus for New College Lanarkshire, a major new regional sports facility, 330 new homes sold, and a £2.9m pub and restaurant, Ravenscliff, built by brewers Marston’s.
In addition, Ravenscraig Ltd has completed large scale remediation of a heavy industrial site to provide useful, safe and attractive development land.
In September 2015 Ravenscraig Ltd announced its intention to bring forward a refreshed masterplan for the site. Almost a decade has passed since the original vision was developed, during which time developer appetite, market conditions and lifestyle patterns have evolved.
Ravenscraig Ltd is currently working closely with North Lanarkshire Council to finalise this revised plan. The key aim of the masterplan is to ensure that Ravenscraig remains an attractive and sustainable location for new private sector investment. While plans have still to be finalised, it is likely that it will involve further high quality housing and an element of retail.