PLANS for a "world-class" indoor stadium in Edinburgh have been submitted by the firm behind the O2 arena in London.

AEG entertainment has submitted a full planning application to The City of Edinburgh Council for a highly-anticipated 8500-capacity arena at Edinburgh Park for live music and entertainment.

The business park to the west of the capital is next to a rail and tram station, as well as several bus connections and motorway links for easy access. The plans also include parking and infrastructure development at the site, as well as food and bar amenities.

Big acts typically play the Hydro in Glasgow or the P&J Live arena in Aberdeen when they visit Scotland, with Edinburgh locals often clamouring for a fit-for-purpose arena of their own.

READ MORE: New Edinburgh stadium plans announced by firm behind O2

The project is set to bring an estimated £520 million per annum in gross value to the Edinburgh economy according to an external assessment, employing a total of 1350 people and attracting 700,000+ visitors each year.

Alex Hill, president and CEO of AEG Europe, said: “We are thrilled to be progressing with our plans for a spectacular new arena for Edinburgh. The city has long been renowned as a destination for global culture and one of the world’s best for the arts and live entertainment.

"We’re excited to build on this reputation and bring world-class live music and entertainment to Edinburgh, as well as investing in the wider Edinburgh Park community through the creation of 1000+ employment opportunities.”

Alistair Wood, executive vice-president of Real Estate & Development for AEG Europe, said: “We're delighted by the feedback and valuable insights we've received during the extensive consultation and public exhibition process. It's been fantastic to see such strong support for our plans, and therefore we are hopeful for a swift and clear decision following our planning application.”

He added: “If we were able to secure planning permission, our focus would then immediately turn to identifying a building contractor and naming rights partner to bring this exciting project to life on site.”

AEG Europe is hoping to receive planning permission by June 2024, before appointing an external contractor to commence work.