Bid to stay competitive
Scottish Event Campus planning £150m expansion
SSE Hydro: opened in 2013 (pic: Terry Murden)
Scotland’s biggest events hub has revealed plans for a £150 million expansion in order to maintain its place as a leading venue.
The Scottish Event Campus (SEC) in Glasgow is home to exhibitions, conferences and concerts at the SEC, SEC Armadillo and The SSE Hydro.
It wants to build an additional conference centre and extend the exhibition space as it prepares for increasing competition in the market.
Planning permission in principle is being sought along with funding from the city council and Scottish and UK governments.
SEC chief executive Peter Duthie said: “We believe there’s an opportunity to do something world class with the venue, to be ambitious and to capitalise on an industry that Scotland is already successful in.”
The company made the announcement alongside annual figures which show that it increased its operating profit by 19% to £1.3 million on a 1% rise in turnover.
Mr Duthie added: “This has been a really encouraging year with solid performances across all the sectors in which we operate.
“The SEC continues to be an economic driver for Glasgow and Scotland and the results are measured not only in financial terms but also by the economic impact of the campus which generated net additional expenditure of over £1m per day in the Glasgow area, a total of £400m for the year.”
He said that the results include the impact of the disposal of a second of two new hotel sites on the campus.
Visitor numbers to The SSE Hydro were more than 900,000 which saw the venue listed at number four in the Pollstar ranking of Global Arenas for the year to December 2017, an improvement of four places compared to the previous year.
The venue achieved a number one ranking in the Billboard list of global arenas which measures venues with a capacity between 10,000 and 15,000.