Live sports and entertainment provider AEG Europe submitted a planning application to the City of Edinburgh Council for an 8,500-capacity venue earlier this year.

Spanning 18,500 square metres, the facility aims to revitalise a scrubland plot and support the regeneration of the Edinburgh Park area alongside developer Parabola. Based on external assessment, the project is estimated to bring an estimated £520 million per annum in gross value added to the Edinburgh economy.

The application followed a series of in-person public consultation events, which took place on 4 December 2023 and 9 January 2024, where members of the project team and AEG Europe were on-site to hear firsthand from residents and update on intended plans.

Alistair Wood, executive vice president, real estate and development, AEG Europe, said: “We’re delighted that the proposals for a new arena in Edinburgh are recommended for approval and we look forward to presenting the facts about the proposals at committee and answering any questions elected members may have.

“This reflects months of consultation and discussion with the public and key stakeholders prior to the application being submitted and a positive ongoing dialogue with all throughout the application process.

“This is the most sustainable site available and we’re determined to enhance Edinburgh as a venue for live music and other events. We are hopeful the planning committee will support the officers’ recommendations.”

A decision is expected to be taken at the next scheduled development management sub-committee meeting due to take place on June 12. AEG Europe aims to appoint an external contractor to commence work once the project is approved and hopes the new venue will be open by 2027.