Scottish Enterprise has announced that a £30m floating leisure village is to be developed in Glasgow in a bid to transform the former Canting Basin.

Manchester-based Floating Concepts's plans - designed by ZM Architecture and water-based architects Baca - were selected following a tender process. It is hoped that work will commence in the second quarter of 2012 and would take up to three years to complete, with the complex to be built in three phases.

Floating Concepts is to hold talks with Glasgow City Council with a view to submitting an outline planning application for the scheme. A roof-top concert arena; a marina; restaurants; shops; offices and residential units are among the plans for the 5-hectare (12.4-acre) Canting Basin site.

Floating Concepts chief executive David Beard said: "All great coastal cities have a prime waterfront destination and now Glasgow has the chance to join those ranks. "The iconic nature of a floating village will turn the Canting Basin into a major attraction quite unlike any other in the world."

Allan McQuade, business infrastructure director at Scottish Enterprise, added: "The floating leisure village has the potential to become a vibrant waterfront tourism and leisure destination at the heart of Glasgow's Pacific Quay." Image: copyright Floating Concepts/Baca