The developer of a major regeneration project in the centre of the Scottish capital has claimed its new India Quay development could boost the local economy by more than £30m over the next three years.

The figures released by Edinburgh City Council's arms length firm the EDI Group Ltd highlight the economic impact of building its India Quay development at the former McEwan’s brewery site in Fountainbridge.

READ MORE: Luxury aparthotel next to Edinburgh's Royal Mile

The first phase of the £200m development which has now been submitted for detailed planning consent, will transform the under-used site into a modern mixed-use neighbourhood of canal side apartments, shops and businesses.

HeraldScotland:

EDI’s masterplan will deliver the largest build-to-rent scheme in Scotland to date and includes 438 mixed tenure homes and apartments, alongside a hotel, as well as cultural, office and retail spaces with a selection of cafes and restaurants on offer.

The first phase of the development will create 250 jobs in Fountainbridge, rising to 1,250 when the whole site has been developed.

READ MORE: Luxury aparthotel next to Edinburgh's Royal Mile

The first phase will also generate 140 construction jobs.

When completed, India Quay will contribute more than £30m to the Edinburgh economy.

Councillor Gavin Barrie, chair at the EDI Group Ltd, said: “These latest economic impact figures highlight how important India Quay will be for growth, investment and job opportunities in the city, especially in the creative and cultural industries and in the retail, tourism and hospitality sectors.

“Bringing an under-used site back into community use will also deliver innovative living opportunities for local residents and workers at a time of need.

"India Quay will be a quality addition to the Edinburgh’s iconic built environment and create a vibrant destination to attract additional visitors to the capital.”

READ MORE: Luxury aparthotel next to Edinburgh's Royal Mile

Working with Edinburgh-based 7N Architects, EDI’s detailed residential plans include a range of one, two and three bedroom hi-spec apartments as well as 112 affordable homes. The three bedroom homes will be built in the traditional colony style, a favourite of the Edinburgh family market.

The first phase of the India Quay development on land west of Gilmore Park will also include a new home for the Edinburgh Printmakers' new studio.