An Economic Profile of the Glenrothes Area - Home Page

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Figure 10: Town Centre Retail Vacancy Rates during 20104017.5Number of UnitsVacancy Rate (Floor space)20.03614.814.115.814.216.0Number of Vacant Units322812.08.0Vacancy Rate (%)244.020Q1 09 Q2 09 Q3 09 Q4 09 Q1 100.0Source: Goad, Experian (April 2010)• The vacancy rate in Glenrothes has decreased from 17.5% in Quarter 1 2009 to 14.2% inQuarter 1 2010.• Of Fife’s main town centres Glenrothes has the second highest vacancy rate withKirkcaldy (16.4%) higher and Dunfermline (13.3%) and St Andrews (5.5%) having lowervacancy rates.Major Investments in the Glenrothes AreaThe following developments have been undertaken or are under construction in the area.• A £1.7 million contract was awarded to Clark Contracts (Edinburgh) in June 2010 toextend the Balgeddie House Hotel. Completed at the end of 2010, the hotel extensionincludes ten new bedrooms and leisure facilities.• Full planning permission to build a repalcement Fife Institute of Physical Recreation andEducation was granted at the end of 2009. Graham Construction have been awarded the£21 million contract, which will see the new facility completed and operational by April2013.• A new business centre, Buko Business Centre, developed at the former BUKO site in theSouthfeild area of Glenrothes, opened in May 2008. The £1.3 million project consists of11 business units and a tower block with 15 office suites.17
• A £16 million redevelopment of Adam Smith College’s Stenton Campus was officiallyopened in September 2010. State-of-the-art teaching laboritories, testing facilities, motorvehicle, engineering and construction trade workshops are now housed in the college’snew Construction,Science and Engineering department.• A Combined Heat and Power (CHP) plant is being constructed at Tullis Russell inMarkinch. Scheduled for completion in 2012 the new plant will replace the existing coalfiredplant. The new biomass plant is anticipated to reduce the company’s annual CO 2emissions by 250,000 tonnes, which is 70% of current levels. It will also meet 6% ofScotland’s renewable generation targets.• In June 2010 Fife Council purchased the former ADC building at Bankhead. This newfacility is a depot hub, bringing togther services from 8 locations as part of Fife Council’soffice rationalisation programme. The office space (phase one) was fitted out andoccupied by December 2011, whilst the second phase to redevelop the rest of the buildingto form a depot will commence in summer 2012.• In the summer of 2009 ASDA opened a supermarket in Glenrothes.• Construction of the new NHS Glenwood Health Centre on Napier Road was completed inAugust 2011. The Health Centre consists of a single storey dental centre for specialistand routine dental care, car parking, and a two storey health centre.• In Southfield Industrial Estate there is currently construction taking place to erect anagricultural machinery storage and distribution centre, showroom, workshop andgatehouse with staff welfare facility.Map 6: Geographic Location of Key Developments in the Glenrothes AreaSource: Enterprise, Planning and Protective Services, Fife Council18
Page 1 and 2: An Economic Profile of the Glenroth
Page 3 and 4: INTRODUCTIONEconomic profiles for t
Page 5 and 6: DEMOGRAPHICSPopulation and Socio-Ec
Page 7 and 8: Employment by Status• Around 90%
Page 9 and 10: Benefit Claimants• During 2010 th
Page 11 and 12: Figure 8: Number of JSA Claimants i
Page 13 and 14: • The Glenrothes area has a lower
Page 15 and 16: Table 4: Employment Land Take Up in
Page 17: Map 5: Main Retail Areas and Floors
Page 21: Accommodation• The Glenrothes are

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