A new purpose-built cycling hub is set to be created in the east of Edinburgh.
The proposed investment would include the development of a regional track cycling facility and closed 1km road loop circuit at Hunters Hall Park, the home of the Jack Kane Sports Centre.
Additional facilities, such as a BMX track, may be added later.
The move follows discussions with governing bodies and the cycling community regarding their desire to see improved cycling facilities in the city.
The commitment is part of the Council's £1.215m investment in sports facilities, which will also include the addition of a new 3G pitch at the Jack Kane.
Council officers will submit applications to sportscotland and other bodies with a view to securing additional funding.
Cllr Richard Lewis, Culture & Sport Convener, City of Edinburgh Council, said: "In line with our Capital Coalition pledge, we are committing substantial funding towards improving Edinburgh's sporting infrastructure, particularly in relation to cycling.
"The phenomenal success enjoyed by Sir Chris Hoy has acted as an inspiration to many and interest in cycling is at all time high. We have already allocated 6% of our transport budget to cycling improvements across the city but, through this investment, we want to encourage and support competitive cycling as well.
"While these plans are at a very early stage, our vision is to create a cycling hub which will be accessible all year round by cyclists of all ages and abilities.
"This is an investment in Edinburgh's sporting future but also in the continued regeneration of Craigmillar."
Sir Chris Hoy today welcomed the news: "I'm delighted to hear that a new velodrome and road circuit are being built in my home city of Edinburgh, and very pleased to hear that the council is investing in local sports facilities and in cycling in particular, to provide decent access and facilities for people wanting to get in to the sport.
"This is great news for Edinburgh and for the future of Scottish sport."
The detailed plans, costings and timescales for the new facilities will be developed in partnership with partners and stakeholders.
(GK)
Construction News
25/02/2013
Multi-Million Pound Cycling Centre Pledged

16/04/2025
Construction work on the £5 million repair and refurbishment project at the Loch Centre in Tranent is scheduled to commence in June 2026.
East Lothian Council has announced the anticipated start date for the significant upgrade to the well-used community facility.
Under the current timetable, the

16/04/2025
A £636,000 project to install solar panels at the Gorbals water pumping station in South Ayrshire has been successfully completed.
The scheme aims to provide a renewable energy source for pumping water to thousands of customers in the region.
The project involved the installation of 793 solar pan

16/04/2025
A planning application has been lodged with Glasgow City Council by The JR Group, acting on behalf of Wheatley Group, for the construction of 29 much-needed affordable homes in the Baillieston area of the city.
The proposed development on Caledonia Road will offer a mix of one- and two-bedroom apa

16/04/2025
Residents in 20 blocks of flats across Coatbridge are already experiencing the positive impacts of a recently completed, ambitious energy efficiency refurbishment project.
The extensive construction work has delivered significant improvements to the properties, including the installation of cavity

16/04/2025
Ground investigation works are commencing this month at the proposed site for Orkney Islands Council’s Scapa Deep Water Quay at Deepdale in Holm.
These initial investigations will be followed by marine-based site investigation works scheduled to begin in June.
These works form part of the Pre-Con

16/04/2025
Construction work has been finalised on a significant new housing development in Motherwell town centre, delivering 42 newly built, highly energy-efficient flats alongside the respectful conversion of the B-Listed YMCA building into a further six homes. The project, part of North Lanarkshire Council

16/04/2025
The Construction Industry Training Board (CITB) has today released its year-end performance data for its New Entrant Support Team (NEST), revealing a significant increase in apprenticeship starts. During the financial year 2024-25, NEST supported 4,128 individuals in commencing apprenticeships, a su

16/04/2025
A water-powered mill in Angus is set to grind grain once again after receiving a record-breaking donation to fund its restoration.
The National Trust for Scotland has announced that a long-time member of the conservation charity has gifted an incredible £2.4 million, one of the largest single dona

15/04/2025
Construction of a £70 million student accommodation development at 292-298 St Vincent Street in Glasgow has reached a significant milestone, with the building now visibly rising from the ground.
Drone footage has captured the progress of the project, which is a partnership between developer Artisa

15/04/2025
Energy regulator Ofgem is expected to confirm today (April 15) its finalised Connections Reform process, designed to expedite grid connections for renewable energy projects that are ready and crucial for achieving the UK's clean power targets for 2030 and beyond.
The new connections system, anticip