OUR AMBITIONS
Our ambition for the second half of Queen’s Island’s development is to double down on sustainability and our development ambitions. More than doubling our current economic and social value contribution whilst reducing vehicle carbon emissions and to ensure levels are retained at current (2021) levels or below.
Now in 2021…
• We have pioneered sustainable development in Belfast, with 500,000 sq. ft of our developments accredited BREAAM excellent or LEED Gold.
• One of the most successful ‘Belfast Bike’ hire schemes, and the introduction of a Glider Bus Rapid Transit system has encouraged more people to use public transport, reducing emissions and congestion.
• Overall 10% reduction in traffic has been achieved at Queen’s Island between 2016 and 2019.
By 2035…
• Projected new traffic at Queen’s Island will be reduced by 30%, helping maintain carbon emissions at, or below, current levels.
• UK Government commitments to ban new petrol and diesel car sales from 2030, will further reductions in emissions.
• As a minimum, based on current policies, car emissions are projected to fall by 52% by 2050, and will accelerate if UK Government “Road to Net Zero Strategy” and Belfast “Net Zero Carbon Roadmap” policies are delivered.
SOCIAL VALUE IMPACT
Our comprehensive transport assessment will set how we continue to encourage modal shifts and reduce car use. By introducing more active travel alternatives for Queen’s Island employees, visitors and residents, we will support the health and well-being of all users.
Development enabled by the Strategic Transport Masterplan will facilitate growth of a number of social value commitments on Queen’s Island.
Now in 2021…
• £104 million of social value is currently being generated through work, health and wellbeing, apprenticeships and volunteering.
• £93 million generated through providing work opportunities for people who were previously unemployed
• £11 million generated through supporting apprenticeships
• £3 million through healthcare savings resulting from employment
• 1,000 residents living in high quality, healthy housing at Queen’s Island
• £1 million of social value generated by providing volunteering opportunities
By 2035…
• £429 million total social value is expected to be generated through:
• An additional £265 million of social value generated through providing work opportunities for people who were previously unemployed
• A further £26 million generated through supporting apprenticeships
• An additional £8 million through healthcare savings resulting from employment
• A further 7,800 residents living in high quality, healthy housing at Queen’s Island
• Promoting health lifestyles through active travel and the development of healthy people-focussed streets
• Attracting visitors and supporting local employment
• Creating and maintain world-class tourism and heritage assets
• A further £1 million of social value generated by providing volunteering opportunities
ECONOMIC IMPACT
In just over a decade Queen’s Island has gone from master plan to reality. A thriving and bustling destination contributing 2.8% of Belfast’s GVA.
More than £610 million has already been invested, delivering a place where some 20,000 people Live (476 quality waterfront homes) Work (12,000 jobs for all), Visit (3.6m annually) and Stay (240 hotel beds) in Titanic Quarter. Along Belfast’s Maritime Mile we have created new public space for events, art and heritage, leisure and exercise, attracting more 1 million visitors along the riverfront every year.
Now in 2021…
• £610M Capital Investment
• Total jobs: 12K (1.4% of NI)
• Total GVA: £726M (1.6% of NI)
• Rates Payable: £7.3M
• Residents: 1,000
By 2035…
• £1.9 Billion Capital Investment
• Total jobs: 28.4K (3.0% of NI)
• Total GVA: £2.0BN (3.9% of NI)
• Rates Payable: £22.2M
• Residents: 8,800
• Construction GVA: £903M
• 15,800 job years
• £423M construction wages