Who we are
†Riverside Inverclyde (ri) is an Urban Regeneration Company limited by guarantee, with charitable status and two member organisations: Inverclyde Council and Scottish Enterprise. A property holding subsidiary was created "ri (Property Holdings) Ltd" to develop and implement commercial property projects within the operating area of ri as defined in its Memorandum and Articles of Association.
ri (Property Holdings) Ltd is limited by shares with the level of both authorised and issued share capital set at £100. In 2008/09, a Limited Liability Partnership - James Watt Dock LLP - was entered into with Peel Holdings Ltd to oversee the redevelopment of James Watt Dock.
As a public/private partnership, ri has been designed to secure the long-term economic growth of Inverclyde. It has a twin-track approach of 'going for growth' through the exploitation of existing and new opportunities and 'spreading the benefits of growth' to the local resident and business communities. Specifically ri is focussed on addressing a single strategic objective:
"To advance economic growth through the exploitation of opportunity for the benefit of the business and residential community of Inverclyde..."
In March 2016, in partnership with Inverclyde Council, ri embarked on the Inverclyde Economic Development & Regeneration Single Operating Plan 2016-19† with the ambition of creating, attracting and safeguarding more and better jobs in Inverclyde as the key element in the ongoing physical, economic and social regeneration of the area.