Innovative agreement sees up to £15.7m investment to attract manufacturing to Glasgow

Scottish Enterprise and Clyde Gateway have entered into a Memorandum of Understanding aimed at leveraging up to £16m of support from Scotland’s lead economic development body towards a planned £60m construction programme over the next five years to create low carbon energy efficient business space for high value manufacturing occupiers.

The first Scottish Enterprise award made under this collaborative programme will inject £2.4m of funding to develop three industrial units at Clyde Gateway East Business Park.

Clyde Gateway East is Glasgow’s newest advanced manufacturing destination and just ten minutes from Glasgow city centre. The three new units will total 57,791 sq ft of high specification space. The new generation of industrial properties will be built using sustainable, low carbon materials and will directly access a “Smart Grid” to improve efficiency, reliability and deliver energy cost savings.

The business park is already home to high calibre occupiers including BT, Torishima, DHL, PF Cusack, Dentec Scotland, Glacier Energy Services, Greencore Group, Eden Mill Distillers, Smith Brothers and Network Rail.

Jane Martin, managing director of innovation and investment at Scottish Enterprise said: “Advanced manufacturing will be a key contributor to Scotland’s future economic success, and so Scottish Enterprise is working with partners to help create the environment in Scotland so the sector can continue to thrive and grow.

“Important developments such as the National Manufacturing Institute for Scotland, which opens later this month, mean Scotland is becoming a global focal point for advanced manufacturing. And this memorandum will help make sure Clyde Gateway East is perfectly placed and appointed to attract businesses that want to be a part of that.”

Clyde Gateway’s chief executive Martin McKay said: “This innovative agreement provides significant investment to fast track the delivery of much needed new, fit for purpose and sustainable manufacturing and business space. Securing appropriate manufacturing locations also brings new job opportunities and this new agreement offers a huge boost to the area as we deliver sustainable transformation and economic growth.”

By Mark Adair – Correspondent, Bdaily

• Add me on LinkedIn and Twitter to keep up to date
• And follow Bdaily on Facebook, Twitter and LinkedIn
• Submit press releases to editor@bdaily.co.uk for consideration.

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →