The owners of Glagsow’s Silverburn, Eurofund Group and Henderson Park, have launched a socio-economic impact report in conjunction with leading consultancy, EY, highlighting the value contributed by the centre to the regional and national economy.
According to EY’s analysis, Silverburn in Glasgow generated £414 million of economic activity in 2025, reinforcing its status as a key driver of growth in West Central Scotland. For every £1 spent directly in the centre, a further £5.70 is generated across the wider region.
Further positive impact can be seen in the employment market, where Silverburn is responsible for sustaining 8,713 jobs across Scotland. For every person directly employed by Silverburn, a further five jobs are generated through indirect and induced effects across the economy.
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.
The data from the report reinforces Silverburn’s role as a local economic engine, a generator of wealth and employment, a contributor to municipal taxes and a catalyst for urban improvement and community wellbeing.
Alberto Esguevillas, CEO 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.”
A spokesperson for Henderson Park commented: “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.”
In addition to the positive economic contribution made by Silverburn, under the stewardship of Henderson Park and Eurofund, it has also made a significant contribution to reducing its environmental impact.
Since being acquired by the joint venture, the centre has managed a 44% reduction in its energy consumption, while it has contributed zero waste to landfill since 2019. An ongoing programme of improvements, including the installation of solar panels and wastewater management systems, will play a role in continuing to mitigate the environmental impact of Silverburn’s commercial activities.