The project, led by Fusion Assets, will provide industrial space for up to ten businesses, further bolstering local economic development.

The approved plans include a mix of flexible industrial buildings to accommodate both larger businesses and smaller operations. Three standalone buildings will cater to larger businesses, while a fourth structure will be divided into seven units for smaller enterprises. Together, the buildings will total 62,000 square feet and will be suitable for office space, industrial activity, distribution, and storage (classes 4, 5 & 6).

The six-acre site is strategically located opposite the Ravenscraig Regional Sports Facility and is part of SevenFourEight, a new production and logistics hub at the heart of Ravenscraig. The project follows the sale of land by Ravenscraig Limited to Fusion Assets, last year. Since then, enabling works have been completed with funding from the Scottish Government’s Vacant and Derelict Land programme, including earthworks and drainage infrastructure to prepare the site for construction.

SevenFourEight, allocated for employment uses within the Ravenscraig masterplan, is rapidly becoming a key industrial location. The completion of a £4.5m spine road last year by Ravenscraig Limited has unlocked access to over one million square feet of business and industrial space.

Russell Wilkie, director at Ravenscraig Limited, commented: “As one of Europe’s largest regeneration initiatives, Ravenscraig is evolving into a self-sufficient community with housing, education, transport, and employment opportunities. SevenFourEight is a crucial piece in this puzzle, set to become one of Scotland’s best-connected industrial hubs, with ideal access to both the M74 and M8 motorways. 

“This project, led by Fusion Assets is a significant step forward in turning our vision for Ravenscraig into a reality, bringing high-quality employment opportunities and investment into the area.”

Murray Collins, managing director of Fusion Assets, added: “Planning approval for our new development at Ravenscraig represents a significant milestone in the transformation of this part of the Ravenscraig site into a major new business location that will bring jobs to the local area. I’m sure we will see further development on the site as a result of Fusion Assets initial investment in plot one.

“Fusion Assets is grateful to the Scottish Government and the council for their continued support of its regeneration activities to address the legacy of vacant and derelict land across North Lanarkshire.”