Artist's impression of the proposed EDI development at the former brewery site at Fountainbridge.

Work to prepare the site will start next year, with the site expected to be fully developed by 2025.

The Council owns 4.7 hectares of brownfield land at Fountainbridge, 1.2 hectares of which have already been used to build the new Boroughmuir High School, leaving the remaining land for mixed-use development.

The Council will seek a development partner to deliver over 400 new homes across four blocks, comprising a mix of social housing; homes for rent from the Council’s housing partnerships; and homes for sale, helping the Council to deliver 20,000 new affordable homes in the next ten years. Retail and business units will also be developed on the ground floors.

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The next Housing and Economy Committee will consider a report which will include options for the site to the east of Gilmore Park, which has been designated as office-led development in the masterplan.

In addition, a small proportion of land (0.57 hectares) is being sold to Vastint Hospitality BV by the Council to enable their development.

Councillor Kate Campbell, Convener of the Housing and Economy Committee, said: “Regeneration of Fountainbridge is hugely important for the city’s economy. At the heart of this development is our aim to ensure that prosperity and growth benefits everyone, in every neighbourhood.