Providing for Edinburgh's economic growth and prosperity

  1. Capital Coalition pledges (selected)
  2. More Capital Coalition pledges

Capital Coalition pledges

Pledge 15

"Work with public organisations, private sector and social enterprise to promote Edinburgh to investors"

Hosting of a high-level event for international investors in partnership with Scottish Government Ministers to profile investment opportunities. 

Edinburgh was promoted to international property investors at the EXPO real property show in Munich. 

Invest Edinburgh films on YouTube have now received a total of over 220,000 views, including over 60,000 views in the important US market.

Pledge 16

"Examine ways to source new funding to support small businesses"

Since March 2015 three loans have been approved through the East of Scotland Investment Fund (ESIF) totalling £133,000.  

Since 2010 ESIF has provided £584,000 in loans to 13 businesses achieving significant leverage against the initial investment of £144,000.

Pledge 17

"Continue efforts to develop the city's gap sites and encourage regeneration"

The potential suite of services which the Council will offer to the development community (currently branded as the Edinburgh Premium) is being developed and consultation with Council colleagues and external partners is commencing.

Pledge 18

"Complete the tram project in accordance with current plans"

Almost five million passenger journeys were made in the first full year of operation, around 370,000 ahead of target. Revenue from fares was 3% ahead of the business model target. 

Pledge 19

"Keep Lothian Buses in public hands and encourage the improvement of routes and times"

The Council has undertaken a range of activities that contribute to the improvement of bus routes and times. These include a new contract for advertising on street furniture which was tendered awarded to JCDecaux.  This new contract will involve the replacement of all advertising bus shelters and some non-advertising bus shelters.  The contract also includes the management, maintenance and cleaning of all bus shelters in the city and will bring a significant improvement to bus shelter provision and cleanliness.

Pledge 20

"Work with the Scottish Government to deliver a larger return of business rate receipts as part of the Business Rates Incentivisation Scheme (BRIS)"

A simplified scheme has now been put in place with Council specific targets for 2014/15 and 2015/16 also confirmed. 

Pledge 21

"Consult further on the viability and legality of a transient visitor levy"

The Council agreed that further consultation with relevant sectors and stakeholders should be undertaken to construct a voluntary funding mechanism. Marketing Edinburgh will undertake further research into means of generating revenue from the visitor economy considering various options.

Pledge 22

"Set up an independent forum to promote locally owned retail businesses"

Scotland’s Towns Partnership (STP) – exhibited at Scottish Parliament event to promote Small and Rural Towns 2 September, with Planning hosting STP East Town Roadshow at City Chambers.

Supported Essential Edinburgh BID to stage “Farm to Fork” event with HRH Prince Charles to celebrate the 15th anniversary of Edinburgh’s Farmer’s markets.

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