Initial plans submitted for 200 homes in East Renfrewshire hamlet
The proposed development will include affordable housing, local retail, community facilities and associated engineering works.
It is proposed to exceed the 25% affordable housing target by providing a minimum of 30% provision and deliver a range of housing choices through a mix of housing tenures, types and sizes that will meet a variety of households in housing needs including older people and first‐ time buyers.
According to independent research, the project will support hundreds of jobs and result in an increased revenue of around £7 million annually to the area.
As part of its application, Gladman commissioned an independent economic impact report.
The evaluation found that the four-year construction period would support over 50 full time jobs on site each year and nearly 200 other related jobs during lifetime of the £25m project.
In addition, East Renfrewshire Council would benefit by just under £520,000 annually in new Council Tax revenue.
New home owners are predicted to spend an extra £1.4m annually in the area and this would support 29 new retail jobs.
And the area in general would benefit by an additional £5m annually of new disposable income.
And many of them would consider Waterfoot as a place to live if new housing becomes available there.
The poll also found that most people questioned see a new development as an opportunity to improve local infrastructure.
A spokesman for Gladman said: “It’s clear from our research that most people surveyed would welcome new housing in Waterfoot, particularly as a substantial proportion of our proposed development will include badly-needed affordable homes.”