The project, a cornerstone of the Borderlands Inclusive Growth Deal, requires further investment to complete detailed design and gain necessary approvals, paving the way for its delivery.
The total projected cost to reach the FBC milestone is now £4.967 million. This represents an increase from the previously approved £3.26 million.
The additional funding is essential to cover costs arising from in-depth design development, extensive ground investigation works, and professional fees necessary to ensure the project is robust and deliverable.
Since the Borderlands Inclusive Growth Deal was signed in March 2021, significant inflation has impacted major infrastructure projects across the region. To address these challenges, the Borderlands Partnership has proposed a ‘deal reset’ with the UK and Scottish governments, which would see a reallocation of funds to projects most exposed to cost pressures, including an additional £4 million for Stranraer Marina.
The council is required to fund these initial development costs, which are expected to be partially recouped from government contributions once the FBC is approved.
The report to councillors highlights the necessity of this ‘at-risk’ spending to maintain momentum and move towards the construction phase of this transformational project for Stranraer.
Cllr Katie Hagmann, Convener of Dumfries and Galloway Council, said:
"Stranraer Marina is an ambitious project of significant strategic importance for all of Dumfries and Galloway. It promises to be a catalyst for economic growth, tourism, and community regeneration in the west of our region.
“The increase in upfront investment is notable however, it is a necessary step to ensure we have a meticulously planned and viable project. For the success of the project, we are undertaking rigorous due diligence before we commit to the full construction cost.
“The journey to this point has involved complex design and environmental considerations, which has understandably led to increased costs.
“We will continue to work closely with our Borderlands partners to mitigate any financial pressures and are confident that this investment will pave the way for a successful project that will redefine Stranraer's waterfront and deliver a positive vision for both our communities and the whole region."
The request for the increased budget to complete the Full Business Case will be considered Dumfries and Galloway Council on 26 June 2025.
You can see the full committee report at: Agenda for Dumfries and Galloway Council on Thursday, 26th June, 2025, 10.30 am | Dumfries and Galloway Council