Surf park plans for Craigpark Quarry secure £26m investment
- Published
An artist's impression of how the park might look
Plans to create Scotland's first artificial surf park have been boosted by £26m in funding from the Scottish National Investment Bank.
The Wavegarden Scotland redevelopment of Craigpark Quarry near Ratho, Edinburgh, will see the creation of a 23-hectare country park.
It will provide year-round inland surfing after its anticipated opening in 2024.
More than 100 jobs are expected to be created.
The complex will include holiday lodges and a central hub building.
Construction work is expected to start soon.
The project will involve the installation of underwater technology that can create waves - from slow moving white water for beginners through to powerful barrels up to two metres (6.5ft) high for experts.
The surf park will be built in a quarry near Ratho
Scottish National Investment Bank director Susan Campbell described the project as "exciting, innovative and ambitious".
She added: "The bank's backing will regenerate a derelict site, increase access to the natural environment, help to restore biodiversity and stimulate tourism.
"Once complete, Wavegarden Scotland will provide a world-class outdoor facility for everyone to enjoy, enabling important health and well-being benefits as well as a nationally important leisure facility."
Lender OakNorth Bank is supporting the construction of the new facility with a £25.2m loan.
Backing is also being provided by BAE Systems Pension Fund IM, which will purchase the park through a sale-and-lease-back arrangement once construction is complete.
Lothians MSP Sue Webber said: "Bringing a world-class outdoor facility like this to Ratho will be an exciting asset to the community along with jobs and a genuine economic boost to the region."
- Published25 April 2018
