Designed to improve connectivity between the historic Old and New Towns of Edinburgh and target regeneration within the World Heritage Site, the Council's draft Princes Street and Waverley Valley Strategy has been approved by members of the Planning and Transport and Environment Committees.
The Strategy aligns with Edinburgh's Net Zero 2030 ambitions, City Mobility Plan, Edinburgh City Centre Transformation (ECCT) and City Plan 2030 to guide the long-term regeneration of Edinburgh's city centre.
The masterplan approved by councillors recommends guiding the area from the West End of Princes Street along to Waverley Station to become more accessible, with improvements such as additional ramp access to Princes Street Gardens, a footbridge over the Waverley Valley, more public spaces to enjoy, an improved crossing and pedestrian improvements to Castle Street, the Mound Precinct, and Waverley Bridge.
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The strategy looks to integrate climate resilience and biodiversity measures to protect the existing Waverley Valley and Gardens from climate change and to plant more trees and flowers - also promoting sustainable transport options and the retrofitting of historic buildings in line with Edinburgh's net zero aims.
Working with developers, the strategy suggests improvements to Princes Street with temporary pop-up premises, building wraps and artwork and encourages mixed-uses for the prominent high street. Improvements to historic buildings, from the Ross Bandstand to Waverley Station, are also suggested to create better opportunities for residents and visitors to enjoy the area.
Councillor James Dalgleish, Planning Convener, said: "Princes Street and the surrounding area is the beating heart of our city and well used by Edinburgh residents, businesses and visitors from across the world. We have a great duty to protect and invest in it.
"This masterplan presents a new opportunity for us focus on how we can make sure we take care of the area going forward and guide improvements to parts of the World Heritage Site which need to be nurtured.
"There is a desire from residents and visitors to see us invest and make areas like the Gardens more accessible for everyone to enjoy, and we hear that loud and clear. We must balance our city's rich heritage with the urgent need for sustainable and accessible spaces, and with new development which can make our cherished high street a thriving, welcoming place.
"This plan has the potential to breathe new life into Princes Street and the surrounding area and make sure it's cared for and invested in for many years to come."
Following the decisions this week of the Planning and Transport and Environment Committees, the strategy will be considered by the Culture and Communities Committee when it meets in October. A public consultation phase will then take place to gather feedback from residents, businesses, and stakeholders on the draft strategy, before it is finalised in 2025.
