ONE CITY, MANY DISCOVERIES

INVESTOR PROSPECTUS LOCATE-.CO.UK THE CITY

Dundee – known as Scotland’s ‘sunniest city’ – is located at the head of the River Tay on the captivating East Coast. Dundee is the capital of an extensive region that includes Perth & Kinross, Angus and North Fife. The Tay region has a population of around half a million people and is an area famous for offering an outstanding quality of life.

Dundee is a dynamic, ambitious city with a remarkable history and an exciting future, driven by the development of Dundee Waterfront and a wave of investment that is transforming the economy.

Come and discover Dundee – there are opportunities at every level for investors, developers, businesses and entrepreneurs.

BRING YOUR TALENT AND SHAPE OUR FUTURE WHY DUNDEE?

Dundee is a city in transformation and offers extraordinary investment opportunities.

THE THIRD-LARGEST REGENERATION £1BN PROJECT IN THE UK The £1bn, 30-year Dundee Waterfront Development.

UK’S FIRST UNESCO CITY OF DESIGN Joining their Creative Cities Network of global cities including Seoul, Kobe, Montréal, Singapore, Shenzhen, Berlin, Buenos Aires, Helsinki, Bilbao and others.

V&A DUNDEE The only design museum in the UK outside of London

UK’S HIGHEST AVERAGE BROADBAND SPEEDS 99% access to super-fast broadband (www.speedtest.net)

DIRECT FLIGHTS TO LONDON STANSTED from (daily exc. Saturday) a 5 minute drive from the city centre

(Dundee Airport/Loganair)

RECOGNISED EXCELLENCE IN ACADEMIA AND RESEARCH Two world-class universities in the city and University of St Andrews within a 25 minute drive. A GLOBALLY RECOGNISED REPUTATION FOR INVERNESS TEACHING AND RESEARCH ABERDEEN In areas as diverse as biotechnology and computer gaming

CITY POPULATION OF 148,270 With approximately 306,300 people living within a 30 148,270 minute drive time of the city (Figure 1) ANGUS (Ordnance Survey) PERTHSHIRE

90% OF SCOTLAND’S POPULATION LIVE DUNDEE 90% WITHIN A 90 MINUTE DRIVE TIME FROM PERTH FIFE DUNDEE ST ANDREWS

ONE OF THE HIGHEST STUDENT:POPULATION STIRLING RATIOS IN THE UK At 1:5, with 50,000 studying within 30 minutes of the city. EDINBURGH GLASGOW HOUSE PRICES ARE MORE AFFORDABLE IN DUNDEE THAN IN ANY OTHER SCOTTISH CITY FIGURE 1 With an average house cost of £142,018: 42% less than 30 minute drive catchment area for Dundee Edinburgh and 20% below the Scottish average. Source: Registers of Scotland (2016) Dundee AVERAGE HOUSE PRICES B P AVERAGE RENTAL PRICES Scottish cities 2016 (Registers of Scotland, 2016) Average rental prices are also more competitive than other cities (numbeo.com)

1 BEDROOM CITY CENTRE APARTMENT £246,433 £248,437 £362,156 £362,156 £157,357 £162,301 £238,710 £285,210 £114,997 £165,826 £204,403 £261,579 £115,877 £128,860 £137,904 £208,020 LOCATION MONTHLY RENT LOCATION MONTHLY RENT London £1,683 Liverpool £615 Edinburgh £699 Leeds £653 Glasgow £605 Aberdeen £653 Bristol £856 Bradford £475 Dundee Dundee Dundee Dundee Edinburgh Edinburgh Edinburgh Edinburgh Aberdeen Aberdeen Aberdeen Aberdeen Glasgow Glasgow Glasgow Glasgow Manchester £696 Dundee £419 DETACHED SEMI-DETACHED TERRACED APARTMENT STRATEGIC LOCATION

With its central location and exceptional e-connectivity, Dundee is ideally situated to support investors and entrepreneurs.

Businesses are easily connected to Aberdeen, Edinburgh, Glasgow, Inverness and beyond: more than 90% of Scotland’s population is within a 90 minute radius, and the city has excellent rail and air connections.

Another key gateway, just a short walk from the city centre, is the Port of Dundee, where unrestricted river anchorage is available for deepwater vessels of up to 240m.

AN ECONOMIC LOCATION • Within 90 minute drive time: access to 90% of Scotland’s population • Trains to Edinburgh every 30 mins and regular rail services to Glasgow and Aberdeen • Direct trains to London in under 6 hours • Maximum drive time between points within the city: 20 minutes • Fly to London Stansted in a little over an hour from Dundee Airport which is LOCATION ROAD RAIL 3km from City Centre and 5km from Glasgow 91 81 the Port of Dundee Aberdeen 80 72 • Edinburgh International Airport is a 1 Edinburgh 85 73 hour drive away • The Port of Dundee: a thriving commercial Manchester 287 289 port and a growing Cruise Terminal Leeds 303 272 • The city’s bus network offers Birmingham 353 342 comprehensive real-time information Bristol 437 416 • The Green Circular, a signposted 27 mile London 479 344 cycle route around the entire city, mostly TRAVEL TIMES TO DUNDEE Times in minutes off-road CITY CENTRE FROM UK CITIES KEY DATA

POPULATION WORKING AGE EARNINGS POPULATION DUNDEE

148, 270 98,700 £484.20 Dundee Total Median Gross Weekly Earnings 490,000 66.6 (FTE) – resident Tay Region % of population £505.30 5,373,000 35,606 Median Gross Weekly Scotland Age 16-29 Earnings (FTE) – working in Dundee (source, in order) (source, in order) NRS mid-year population estimates, 2016 SDS Local Authority Profile, 2016 Tay Cities Deal, 2014 SDS Local Authority Profile, 2016 £24,854 Office for National Statistics 2015 NRS mid-year population estimates 2016 Median Gross Annual Pay (FTE) QUALIFICATIONS RESIDENTIAL COSTS (source, all) ONS Annual Survey of Hours & Earnings, 2016

31.3% £142,018 % With degree or Average House Price TOURISM equivalent Dundee £419 Average Monthly Rent 826,200 28.9% (1 bedroom) Visitor No. p.a. % With degree or equivalent £161/m2 £155.38m Scotland Prime city office rents Annual Economic Impact

(source, in order) Registers of Scotland, 2017 ONS Annual Population Numbeo, 2017 (source, all) Survey, 2016 Rydens, 2017 Global Tourism Solutions (UK) Ltd, 2016 DUNDEE’S GROWTH SECTORS

Dundee has pioneering strategic investment partnerships that are helping drive the competitiveness, diversity, strength and growth of the regional economy.

ENERGY TOURISM Encompassing offshore wind farms; oil & gas; Dundee’s Tourism Strategy aims to increase the value decommissioning; and emerging and growing areas of tourism from £155m to £185m; increase visitor such as hydrogen and electric vehicles, development numbers and increase day visitors from 826,200 to across this sector is being driven by the demand for 1,120,000 by 2020. lower energy costs and increased sustainability, which is attracting investment and jobs into the The city’s vision is to make Dundee one of the best region. small cities in the UK for cultural short breaks. In 2018, the V&A Dundee will open and it will be the cultural LIFE SCIENCES & HEALTH showpiece of the award-winning With a global reputation as a leading centre for £1bn Dundee Waterfront. Dundee’s status as the first life sciences, healthcare, meditech and medical UNESCO City of Design in the UK recognises these research, many of the world’s most talented scientists, cultural credentials, and the aspiration to become innovative companies and leading research institutes European Capital of Culture in 2023. lie within a five mile radius of the city centre. Business Tourism, currently worth over £60m to the RETAIL city, is growing year-on-year, and national and Dundee is a key destination in the North-East for international conferences in 2016 brought 215,676 retail, with national chains and independent retailers. UK and 19,551 international delegates, using The largely pedestrianised city centre is home to two 46,414 bednights. modern shopping malls connected by a compact (DACB 2016) network of attractive streets. CONTACT CENTRES CREATIVE INDUSTRIES Dundee has a strong track-record in the The UK’s only UNESCO City of Design, Dundee is a Contact Centre industry, due to its strong world leader in computer games development. The labour pool with excellent creative industries work in partnership with the city’s communication skills – including strong knowledge economy, and companies locating graduate talent – and its strategic in Dundee can tap into a deep pool of highly-skilled location. It also offers advantageous and accessible talent. property and staff costs. LOCATING IN DUNDEE

Dundee City Council has a policy of actively supporting investors, developers and businesses.

Dundee can offer highly competitive office and industrial space that is tailored to a wide range of new and expanding companies. There are high-tech facilities to support Dundee offers the support businesses knowledge-based businesses at specialist sites such as Dundee need to thrive, with access to: Technology Park, Ninewells Medi-park and Dundee Technopole. • The right land, buildings, location and For creative industry start-ups, the Seabraes Creative Media infrastructure District offers the chance to locate alongside like-minded businesses in quirky, inspirational recycled shipping containers. • An attractive physical environment • A sensible and welcoming planning regime The Central Waterfront will offer 42,000m2 Grade A office space and has 157,935m2 of ‘shovel-ready’ development land ready for mixed-use development across 18 sites.

PRIME AUAL OFFICE RENTS SCOTTISH CITIES 2016 £Ryden (2017) cost per m2

COST PER SQ. M Dundee Aberdeen £161 £323 Glasgow Edinburgh £345 £323 OPPORTUNITIES Developers, investors and companies across the entire business spectrum can still be part of one of Western Europe’s most extensive and DUNDEE WATERFRONT – transformative waterfront projects. A UNIQUE OPPORTUNITY • £1bn investment

The V&A Dundee will provide a landmark international • 7,000 new jobs destination at the Central Waterfront. The transformation is • 40 hectares of development land already having an impact, with new hotels, businesses, retailers and entrepreneurs investing in the city. • UK’s third-largest regeneration project, largest in Scotland Visitor numbers to the city are expected to increase, with three million • Scotland’s first sustainable community additional visitors predicted between 2018 and 2028, generating significant additional income.

INVESTMENT AND DEVELOPMENT MADE EASY Most of the land at the Central Waterfront is owned by Dundee City Council, and the city development team is committed to a straightforward and rapid investment process.

The Waterfront will be a mix of residential, retail, leisure and office space, including 42,000m² of Grade A office space.

Dundee City Council takes a long-term holistic approach to development, working in partnership with investors to ensure maximum benefit for all parties.

‘COOLEST LITTLE CITY IN UK’ WORLD-CLASS TALENT

Drawing on the brightest minds from home and abroad, the city offers a diverse and motivated workforce. A globally recognised centre of academic and research excellence, the dedication to education is evident in the breadth of academic offering.

Dundee has Scotland’s highest student The James Hutton Institute is a population ratio, at one to five, which is well-respected and globally recognised also one of the highest ratios in the UK. The research organisation, based at Invergowrie city has two universities – the University of on the city’s outskirts. Its postgraduate Dundee, which incorporates the Duncan of school generates valued recruits, with Jordanstone College of Art & Design, and professional experience and expertise in Abertay University, a recognised centre of a range of disciplines in environmental, digital and computer games innovation. crop and food science.

Dundee & Angus College, with two city is one of the largest campuses, offers award-winning Further teaching hospitals in Europe, and the Education, Higher Education and Vocational attached Dundee University School courses. The city also has the Al-Maktoum of Medicine has an international College of Islamic and Arabic Studies. The reputation for research and University of St Andrews is just 14 miles training. The Academic Health from Dundee. Science Partnership in Tayside (AHSP) acts as a single point Dundee is also home to one of the UK’s of contact for collaborations most exciting and dynamic biomedical and and strategic partnerships. life science communities. With world-class Its role is to identify, companies, universities, research institutes support and develop and scientists all working within a five mile new relationships, and radius, it offers expertise from drug facilitate knowledge discovery, through medical devices and exchange and diagnostics, to ag-biotech and environmental opportunities with biotechnology. both industry and major research funders. FURTHER AND HIGHER EDUCATION

The University of Dundee is respected internationally for It has also been rated the top university in the UK for its its world-leading research across a range of disciplines. research impact in Social Work. It was named the Scottish University of the Year • One of the World’s Top 200 Universities (Times Higher UNIVERSITY OF in 2016 and 2017 (The Times & Sunday Times Good Education) DUNDEE University Guide), the latest in a long list of awards and • One of Europe’s `Most Innovative Universities’ – Reuters achievements that include being ranked 1st in the UK for • Top 10 in the UK in the National Student Survey student experience. Duncan of Jordanstone College of Art & Design has been The University of Dundee has been ranked the UK’s top ranked the top design school in the UK (The Guardian university for biological sciences research, and its University Guide) groundbreaking scientific research includes diabetes, www.dundee.ac.uk cancer and neuroscience.

Abertay University is Scotland’s top modern university The University launched the world’s first computer games ABERTAY (Guardian University Guide 2017) with a strong tradition degree in 1997 and is ranked as the number one university in Europe for computer games education throughout Europe UNIVERSITY of preparing students for the industries and jobs of the modern world. Their degrees range from cybersecurity (Princeton Review World Top 25 Games Universities). Abertay and computer games to forensics, sport and food has played a significant role in the city’s development as the sciences. Its civil engineering degree is ranked top in hub of Scotland’s games industry. Abertay also launched one Scotland and its Biomedical Sciences degree is ranked in of the first Ethical Hacking degrees in the world, and is at the the top 20 in the UK (Guardian 2017). forefront of cybersecurity. www.abertay.ac.uk

With two campuses in the city, another in Arbroath, and more than £1m spent on refurbishing its engineering, DUNDEE AND a variety of learning centres across the area, Dundee and construction and science buildings at the Kingsway ANGUS COLLEGE Angus College is a leading developer of education and Campus. The state-of-the-art Gardyne Campus reopened in skills training in a wide variety of sectors. 2011, following a £48m refurbishment. It has invested heavily in its energy sector training, with www.dundeeandangus.ac.uk DUNDEE LIFE

Home to the new V&A Dundee, the city already has a vibrant art scene, lively nightlife, theatres, restaurants, children’s activities and boasts acres of green space to golf, cycle or walk. Dundee is the UK’s first UNESCO City of Design, and is a city for life as well as work.

LIFESTYLE CULTURE Dundee offers an exceptional standard of life, Dundee is enjoying an artistic and cultural with the availability of quality affordable renaissance, with a strong foundation built on its housing, excellent education and healthcare long tradition of theatre for all tastes, at Dundee facilities, and easy access to a wide choice Rep; innovative visual art and cinema, at Dundee of outdoor and indoor sporting and leisure Contemporary Arts; and the Dundee Literary opportunities. To the north are the Angus Festival and Dundee Design Festival, to name and Perthshire glens, with walking and just a few. The city today offers superb theatre, hiking in summer and snow sports music, visual arts and arts events throughout in winter; only 25 minutes away is the year. St Andrews, and the world’s most The creative sector and supporting agencies are famous golf course – Dundee also encouraging new work in design, crafts, film and has an abundance of courses, as digital arts, while an eclectic range of arts well as forest mountain bike trails festivals enhance and support the city’s just minutes from the city centre. forward-thinking vision. Add to this Broughty Ferry SCHOOLS beach, which has gained an EATING OUT Pre-school education is provided in many of the primary ‘Excellent Award’ from Keep Eating out in Dundee is also flourishing, from schools, complemented by a number of private nurseries Scotland Beautiful for the fine dining to artisan pizza and high-quality located throughout the city. There are 35 primary schools in past 10 years, and dolphin chain restaurants. There are also traditional the city of Dundee, feeding into eight secondary schools. spotting, and it is clear bakeries, tearooms and coffee shops, organic In the private sector, Dundee High School is one of the leading why residents and greengrocers, (many championing the fee-paying schools in Scotland, winning consistently high marks visitors alike love this wonderful range of produce grown, reared or for academic and sporting achievements. There are some eight blend of city, seaside caught locally) and a choice of world foods for further independent schools within a 30 mile radius of Dundee. and countryside. the adventurous palate. DUNDEE LIFE • Dundee is the sunniest city in St Andrews, Carnoustie, and • Dundee Ice Arena is located just • The city also has the Gardyne Scotland. Gleneagles. off the Kingsway, the main ring Theatre and the Whitehall Theatre, road through the city. as well as the Caird Hall, which • The spectacular waterfront setting • Winter sports are accessible anchors the landscaped City offers everything from the historic within 90 minutes of the city, • Dundee Rep is the only theatre in Square. Frigate HMS Unicorn, dining with a including the Glenshee Ski Resort Scotland with a full-time river view, and ‘Excellent’-award which has 36 runs with 20 lifts. ensemble of actors who perform • Dundee is also home to the Scottish winning beaches. new and classic works. It shares its School of Contemporary Dance at home with the Scottish Dance its purpose-built facility, The Space. • The River Tay is a popular spot for Theatre. water sports including yachting, COST OF LIVING Source: expatistan – lowest cost option in bold speedboating, wakeboarding and jet-skiing. DUNDEE EDINBURGH GLASGOW LONDON DUBLIN CARDIFF AMSTERDAM • VisitScotland five-star attractions Monthly rent for 85m² accommodation £662 £852 £867 £1,909 £1,347 £638 £1,330 include the RRS Discovery and Utilities – 1 month for 2 people £662 £852 £867 £1,909 £1,347 £638 £1,330 Discovery Point, Scotland’s Jute Public transport (monthly ticket) £41 £53 £53 £133 £105 £45 £78 Museum Verdant Works, and The 12 large eggs £2.56 £2.73 £2.47 £3.10 £3.13 £2.69 £2.59 High Mill. The Dundee Museum of Transport is the latest addition to 1L of whole milk £0.87 £0.74 £0.99 £0.92 £1.08 £0.69 £0.89 heritage tourism. 500g local cheese £3.05 £4.53 £5.62 £4.94 £4.82 £4.71 £5.34 Beer in local pub £2.92 £4.63 £4.02 £5.00 £5.18 £3.60 £3.94 • There are 60 golf courses within a 1 hour drive of Dundee, including 2 tickets to the movies £15 £19 £19 £37 £18 £12 £19 BUSINESS SUPPORT

We offer information and support, so speak to us today. • Dedicated expertise, data and knowledge of the main growth sectors: Energy; Life Sciences & Health; Retail; Creative Industries; Tourism and Contact Centres. • Access to the networks within each sector and relevant business events • Significant market knowledge and a comprehensive list of contacts through our business directories SCOTTISH • Access to the Discover Opportunities team, the Dundee DEVELOPMENT Partnership’s Employability Programme, helping people INTERNATIONAL (SDI) get into work www.sdi.co.uk SDI provides a range of services to • With our partners, we can provide information on the help your company discover all the availability of suitable commercial property throughout benefits of investing in Scotland. the region

• Information on new developments and planning proposals SCOTTISH ENTERPRISE www.scottish-enterprise.com • We can assist with introductions to key individuals and Scotland’s main economic, enterprise, companies in response to your business strategy innovation and investment agency. Scottish Enterprise provides a range of funding opportunities • Information on potential financial assistance for start-up businesses with the potential for high growth. BUSINESS GATEWAY Business Gateway Tayside offers expert support and guidance CHAMBER OF COMMERCE to new and existing businesses and operates in partnership www.dundeeandanguschamber.co.uk with other professional organisations. Helping local businesses connect, communicate and develop. CONTACT US

To discover what Dundee can offer your business, please contact: The City Development Department Tel: +44 (0)1382 433 520 Email: [email protected] Web: www.locate-dundee.co.uk

This document was produced by Dundee City Council’s City Development Department. It can be translated into any language required, and we can also translate into Braille, large print and various other ITS formats on request. “DUNDEE’S SETTING IS PROBABLY MORE EXTRAORDINARY THAN ANY OTHER CITY IN SCOTLAND OR BRITAIN. IT IS ABOUT AS IDEAL – LUDICROUSLY IDEAL – AS ANY CITY SETTING COULD BE.”

Stephen Fry - Actor, writer, and former Rector of the University of Dundee