Glasgow’s Silverburn shopping centre generated an estimated £414 million in economic activity across Scotland in 2025, while supporting 8,713 jobs, according to a newly released socio-economic impact report. The findings, detailed in the “Shaping the socioeconomic impact of the present and future retail” report, underscore the retail destination’s role as a key economic driver in West Central Scotland.
The comprehensive analysis, conducted by EY in collaboration with international real estate investment manager Henderson Park and investment and real estate management group Eurofund Group, assesses Silverburn’s contribution to the Scottish economy. It highlights both the direct impact at the centre and the wider effects throughout its extensive supply chain.
The report reveals that for every £1 spent directly within the Silverburn centre, an additional £5.70 is generated across the broader regional economy. Similarly, the employment impact extends significantly beyond the centre’s direct workforce; for every individual directly employed by Silverburn, five further jobs are created through indirect and induced effects throughout the Scottish economy.
In Case You Missed It:
Over half of Scottish Mums and Dads report loneliness after having a baby
New partnership powering local charity shopping across Scotland
Argyle Street upgrade to spearhead next phase of £140m Glasgow city centre overhaul
Glasgow bounces back from fire but persistent challenges remain, says Chamber report
A spokesperson for Henderson Park commented on the report’s findings, stating: “The findings of this report are testament to the value-add strategy we have pursued at Silverburn since acquisition. By investing in the asset we have been able to unlock significant economic benefits for the wider Glasgow region, supporting thousands of jobs and generating hundreds of millions of pounds of activity across Scotland. These results demonstrate that a disciplined, hands-on approach to asset management creates lasting value for the communities and economies in which we operate.”
Alberto Esguevillas, CEO of UK Retail at Eurofund Group, emphasised the broader responsibilities of large-scale retail operators. He noted: “Alongside Henderson Park, as custodians of large-scale shopping destinations, we shoulder a huge responsibility to ensure they have a positive impact on the communities they serve. Retail has the power to drive local and regional economic growth, and the data from the report quantifies the positive impact our activities can have on thousands of families and businesses.”
Elena Fernández, Sustainability Partner at EY, further explained the scope of the assessment: “The impact of a retail asset goes far beyond the day-to-day on-site activity. Our service allows us to rigorously measure the broader effect and provide companies with a robust tool to communicate their economic and social contribution.”
