SPRUCE
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The Scottish Partnership for Regeneration in Urban Centres (SPRUCE) is a £50m Urban Development Fund funded by the Scottish Government and the European Regional Development fund under the JESSICA initiative (Joint European Support for Sustainable Investment in City Areas).

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The Amber Green consortium was appointed by the European Investment Bank (EIB) to manage the fund and to originate and invest in regeneration and energy efficiency projects. 

SPRUCE provides competitively priced senior and mezzanine loans and equity to eligible projects in the thirteen most deprived local authority areas of Scotland. The fund’s investment policy seeks projects in the following sectors:

  • rehabilitation of the physical environment
  • construction of new buildings and/or renovation of existing ones and associated site specific infrastructure and servicing
  • training and e-learning centres, including investment to increase ICT access
  • creation of safe transport links between areas of opportunity
  • energy efficiency retrofit works delivering energy savings of 20% per annum
  • energy production from renewable energy and low carbon technologies

For queries on SPRUCE or to discuss potential projects, please contact enquiries@ambergreenspruce.co.uk. See our Urban Development page for more information and case studies on the SPRUCE projects

  • Related sites

  • Amber Green Spruce
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  • Scottish Government
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  • EIB
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