Publication - FOI/EIR release

Building Scotland Fund: FOI release

Published: 29 Jul 2020

Information request and response under the Freedom of Information (Scotland) Act 2002

Published:
29 Jul 2020
Building Scotland Fund: FOI release
FOI reference: FOI/202000047987
Date received: 18 Jun 2020
Date responded: 9 Jul 2020
Information requested

1. Please provide the criteria or scorecarding approach which was/is used to screen the clients and/or projects financed by the Building Scotland Fund.

2. Please provide me with information to supplement the list of investments (https://www.gov.scot/policies/economic-growth/building-scotland-fund/) as follows:

(A) In each case, if the client was local government, a housing association, some other form of not-for-profit entity, or a private company.

(B) In the case of residences, what proportion of accommodation in each project can be classified as affordable housing.

(C) Measures incorporated into the design of each project to reduce environmental impact or generate their own renewable electricity, if any.

Response

Much of the information you are seeking is readily available on the Building Scotland website, however, I have expanded/extracted the published information to respond to your request.

1. The link below will take you to the current BSF eligibility criteria, in place since October 2019. Please note the projects which BSF is currently supporting with loan investment were assessed using the pre October 2019 application criterion, as these refreshed requirements were not all in place when these applicants first submitted to BSF. BSF strengthened the criteria to make mandatory requirements in relation to low carbon and fair work practices which can now be seen in the refreshed application form.
https://www.gov.scot/publications/building-scotland-fund/pages/eligibility/

The Building Scotland Fund has also supported projects through £25m of BSF funding invested in the Scottish Government’s SPRUCE fund.
SPRUCE also has an defined Investment Policy which sets the parameters for the sectors and projects that can be supported through the deployment of the fund’s capital. This may include, but is not limited to, activity which meets overarching parameters of (i) forming part of an integrated urban development plan, (ii) meeting Scottish Government policy objectives (iii) addressing market failures, demonstrating strong regeneration rationale and generating direct employment benefits to local residents and (iv) meeting the aims of the Scottish Government’s Regeneration Strategy.

2. Please provide me with information to supplement the list of investments (https://www.gov.scot/policies/economic-growth/building-scotland-fund/) as follows:

Project Description (A) In each case, if the client was local government, a housing association, some other form of not-for-profit entity, or a private company (B) In the case of residences, what proportion of accommodation in each project can be classified as affordable housing. (C) Measures incorporated into the design of each project to reduce environmental impact or generate their own renewable electricity, if any.
Rikeja Conversion of a hotel into 11 apartments Private Company – Small Medium Enterprise (SME) Nil Air source heat pump being installed.
Athron Hil New Build of 35 Family Homes Private Company – Small Medium Enterprise (SME) Nil Nil
Axil Estates Conversion & repurposing of existing building to provide 8 new homes Private Company – Small Medium Enterprise (SME) Nil With regards to low carbon initiates, the 4 new build houses will have solar panels for electricity generation. The construction of the steading and new-build houses, will be with the current standards of insulation which significantly reduces the heat loss and consequently the use of energy  to  warm them up. Thirdly, the use of underfloor heating in all the steading houses and new-build houses, reduces the amount of energy required to heat them up.
VKRR Conversion &repurposing of office block to provide 5 homes Private Company – Small Medium Enterprise (SME) Nil EPC tbc
Stewart Milne Group To support the construction of 300 homes across 3 Local Authority areas Private Company Nil EPC B
SIGMA The development and construction of between 1500 to 1800 new build houses for rent Private Company Nil EPC tbc
Winchburgh The development of 3000 new homes as part of the Edinburgh and South East Scotland City Region Deal. Private Equity Partnership 700 homes to be made available for affordable and social rent EPC tbc
SPRUCE NW1A – Grade A Office Space @ Edinburgh Park Private Company Not housing Targeting BREEAM ‘Excellent’ and EPC ‘A’ rating.
SPRUCE Larkhall Properties – Refurbishment of McLellan Works Chancerygate Ltd – Private Company Not housing The design also includes LG7 compliant high specification Luxonic LED lighting and PIR sensors.
SPRUCE Chancerygate Ltd – Development of Trade Park @ Livingstone Private Company Not Housing The completed building’s green initiatives include: Low air permeability design 2 Electric vehicle charging points per unit 15% warehouse roof lights increasing natural lighting High performance insulated cladding and roof materials
SPRUCE Signal Capital – Refurbishment of 55 Douglas Street, Glasgow Private Company Not Housing Targeting an EPC ‘B’ rating and the design includes electrical vehicle charging points.

About FOI

The Scottish Government is committed to publishing all information released in response to Freedom of Information requests. View all FOI responses at http://www.gov.scot/foi-responses.

Contact

Please quote the FOI reference
Central Enquiry Unit
Email: ceu@gov.scot
Phone: 0300 244 4000

The Scottish Government
St Andrews House
Regent Road
Edinburgh
EH1 3DG