Homebuilder CALA Homes (East) will create a development of 87 refurbished contemporary one to four-bedroom apartments as it restores the former Boroughmuir High School. In addition, a further 17 mid-market rent apartments will be delivered.

An indication of the scale of likely benefits to the surrounding area has been set out by independent experts at Lichfields, who assessed the economic impact of the plans laid out by CALA.

The report states that the renovation work will create 105 jobs per year – 55 construction jobs and 50 supply chain jobs.

CALA’s work will also deliver a £41.9m cash injection to the local economy through the £20.4m construction value and £21.5m worth of economic output.

There will also be £757,000 as part of S75 developer contributions to improve schools, leisure facilities and infrastructure while creating much-needed new homes. The local authority is estimated to receive an extra £290,000 through additional council tax revenues.

Philip Hogg, sales and marketing director at CALA Homes (East), said: “The construction sector has a pivotal role to play in building and sustaining local communities from helping local trades to thrive and creating jobs through to helping independent shops to prosper.

“We are proud that our work can bring benefits for both people that choose to live on our development and also to the wider Bruntsfield community.”

Lichfields examined CALA’s proposal in detail and assessed the ripple effect they would deliver in terms of employment opportunities and an increase in money spent at local businesses

The detailed report suggests the economic windfall for the surrounding community would be delivered in three distinct areas - construction benefits, local community benefits and local authority revenue benefits.

Operational benefits from the work include an estimated £570,000 spent by buyers making their house ‘feel like a home’ by adding their own touches with another £1.75m likely to be spent in local shops

The report also states that 30 full-time jobs will be created in the local area as a result of increased expenditure from those moving to CALA’s development.