The boost to housing is part of the recently published Glasgow Economic Strategy 2016-2023 and includes targets to create 50,000 new jobs and 1,000 new businesses by 2023.
The city also aims to push annual tourist numbers from two million to three million and generate an additional £185m of revenue in the process. To do this, Glasgow will also need to create 2,500 hotel beds.
Councillor Frank McAveety, leader of Glasgow City Council, said: “We aim to make the next seven years the biggest jobs bonanza in Glasgow’s history. We know that the 50,000 target is ambitious but we have done the sums and they add up.
“We plan to deliver 50,000 jobs across all of the city’s employment sectors, from tourism to high tech, from renewables to health and life sciences. This strategy is the most ambitious on record and rightly so because Glasgow is open for business.”
Stuart Patrick, Glasgow chamber of commerce chief executive, added: “We are pleased to be joint signatories to the city’s fresh economic plan which has been produced after strong consultation with the business community. The plan builds on the excellent work already carried out by the Glasgow economic leadership to support the successful diversification of Glasgow’s industrial and commercial base. We also welcome the strong local emphasis on tackling challenges such as productivity and ill health so that the city’s growth benefits as many of its citizens as possible.”