Funds
Scottish Partnership for Regeneration in Urban Centres
The Scottish Partnership for Regeneration in Urban Centres (SPRUCE), is an innovative source of finance for projects aligned to key Scottish Government policies.
As the Scottish Government’s fund manager Amber has utilised SPRUCE capital to deliver successful investments in regeneration, property and sustainable energy projects.
The Fund was originally set up using the European Regional Development Fund (ERDF) under the European Commission’s JESSICA initiative (Joint European Support for Sustainable Investment in City Areas) and is based on the premise that sustainable urban development is a key factor in the long term social, economic and environmental success of our cities. This investment approach delivers improved longer term outcomes through creating value in the built environment and the communities the fund serves.
SPRUCE committed all of its initial capital by the end of its original investment period to the end of December 2015. SPRUCE then recycled its original capital as well as investing additional public and private sector funds into eligible projects until the investment period closed in November 2021. During the fund period SPRUCE supported 18 projects across Scotland.
Case studies
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OtherUrban Development1 New Park Square, South Gyle
Edinburgh, ScotlandOperational -
OtherUrban Development110 Queen Street
Glasgow, ScotlandOperational -
OtherUrban Development55 Douglas Street
Glasgow, ScotlandOperational -
OtherUrban Development6 Atlantic Quay
Glasgow, ScotlandOperational -
OtherUrban DevelopmentArgyle Street
Glasgow, ScotlandOperational -
OtherUrban DevelopmentBankhead Avenue
Edinburgh, ScotlandUnder construction -
OtherUrban DevelopmentClyde Gateway East Business Park
Glasgow, ScotlandOperational -
OtherCube Housing Association
Glasgow, ScotlandOperational -
OtherUrban DevelopmentDalmore House
Glasgow, ScotlandOperational -
OtherUrban DevelopmentDundyvan Industrial Estate
North Lanarkshire, ScotlandOperational -
OtherUrban DevelopmentGreenside Blenheim House
Edinburgh, ScotlandOperational -
OtherGuardbridge Energy Centre
Fife, ScotlandOperational -
OtherUrban DevelopmentHoustoun Industrial Estate
West Lothian, ScotlandOperational -
OtherUrban DevelopmentMcLellan Works
Glasgow, ScotlandOperational -
OtherUrban DevelopmentNew Exchange (Cadworks)
Glasgow, ScotlandOperational -
OtherUrban DevelopmentSt Vincent’s Plaza
Glasgow, ScotlandOperational -
OtherUrban DevelopmentStrathclyde Business Park
North Lanarkshire, ScotlandOperational -
OtherUrban DevelopmentThe Haymarket
Edinburgh, ScotlandOperational
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