Glasgow to benefit from £80million cash injection over a 5 year period

Glasgow city region will be one of two Scotland’s Investment Zones , alongside the North East of Scotland, following an agreement between the UK Government and Scottish Government.

The city is set to benefit from an overall funding package of £80million over a five-year period, with the Investment Zone bringing tax incentives and funding opportunities that will attract investment, improve skills, provide specialist business support and improve local infrastructure.

The locations of Glasgow City Region and North East of Scotland have been selected jointly by the UK Government and Scottish Government based on their research strengths, an assessment of economic need and potential, and a consideration of geographic spread.

Glasgow and North East of Scotland are the first two Investment Zones outside of England.

Glasgow Chamber of Commerce chief executive, Stuart Patrick, said: “Today’s announcement brings welcome investment that will secure growth opportunities for blossoming businesses in Glasgow. Read More  

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