Scotland Housing Plan Could Provide Huge Economic Boost Posted on: May 2nd, 2020 Posted by: Nathan Spencer Categories: Scotland Plans to develop more than 600 new homes in Paisley could provide an economic boost of almost £20m per annum if the scheme is given the go-ahead. A report looking into the proposals put forward by three leading housebuilders shows that the plans could boost the economy by £18m per annum whilst also providing £1.9m a year in additional council tax. CALA Homes – who’re speaking on our Solving the Housing Crisis in Scotland Webinar – are working with Barratt and Bellway on the £150m project. Known as Thornly Park Village the scheme will deliver a mixture of homes from five-bedroom family homes to one-bed apartments. Around 37-acres of the 93-acre site will be utilised for recreational and open space – from meadows and playgrounds to a football/sports area and mature woodland. Footpaths would also connect the development with the town centre and the surrounding areas to minimise localised car use. The plans still haven’t been approved – with the housebuilders needing the gain the green light from Renfrewshire Council. Speaking previously Andrew Duncan, Land Director at CALA Homes West, said: “We know from speaking to the residents of Paisley that it is a great place to live and we want our development to play a major role in the town’s ongoing regeneration and growth. Due to Paisley’s popularity, new homes are needed – not only for the current residents but for people who are attracted to live here for its location and sense of community. The council has recognised the need for new homes and this site has been allocated by them, as a preferred location for around 600 homes, as part of the council’s emerging local development plan.” The £150m project could support around 400 jobs during the construction period – with 100 of those being directly – adding a further £40m to the regions economy during the seven-year development programme.