Glasgow shopping centre contributes £400m and 8,700 jobs to Scottish economy

According to analysis by EY, Silverburn - owned by Henderson Park and Eurofund Group - generated £414m of economic activity in 2025. For every £1 spent directly in the centre, a further £5.70 is generated across the wider region, the report shows.

Further positive impact can be seen in the employment market, where the centre is responsible for sustaining 8,713 jobs across Scotland. For every person directly employed by Silverburn, which lies next to the M77, a further five jobs are generated through indirect and “induced effects” across the economy, the study notes.

The report, “Shaping the socioeconomic impact of the present and future retail”, analyses Silverburn’s contribution to the Scottish economy and highlights the positive impact delivered both directly at the centre, and indirectly throughout a wider supply chain.

A spokesperson for Henderson Park said: “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, chief executive of UK retail at Eurofund Group, said: “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, added: “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.”

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