The Scottish Government has given plans to replace Cumbernauld’s high-rises with more than 400 new homes a multi-million pound funding boost.
A grant award of almost £3.2 million will allow Sanctuary Cumbernauld to buy out around 100 flat owners by the end of March.
The housing association currently owns 215 of the 566 flats in the town’s 12 blocks. More than 100 private owners have already indicated a willingness to voluntarily sell their home to Sanctuary.
Peter Martin, Sanctuary Group’s director of development, said: “This funding from the Scottish Government is an important milestone in progressing the Cumbernauld high-rise regeneration project.
“The vast majority of high-rise residents support our plans which – if approved by the local planning authority – will give a £70 million-plus shot-in-the-arm to the local economy, sustain jobs in construction and create new jobs, apprenticeships and training opportunities for the local community.
“We will continue to work in partnership with the Scottish Government, North Lanarkshire Council and the residents of the blocks as we try to bring these exciting plans to fruition.”