A TOTAL of £27 million has been invested in businesses which have moved into The Tontine innovation centre, which yesterday marked the first anniversary since it opened.
This figure does not include the £200m funding announced earlier this month by infrastructure firm CityFibre, which has its Scottish headquarters at the facility.
Glasgow City Council leader Susan Aitken was at council-operated facility yesterday and said its success “showed how effective this type of supportive environment is for growing businesses”.
Based at Trongate, The Tontine is an innovation centre which supports the growth of technology, design and manufacturing, and creative companies.
It is now home to 18 businesses and is at 90 per cent of capacity, with economic development manager Simon Smith saying expansion was planned.
By 2021, it is envisaged that 134 businesses will be supported at The Tontine.
This will result in the creation of 536 new jobs resulting in an increased turnover of £53.6m over the term of the programme.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here