SCOTLAND’S biggest local authority has approved a new inward investment strategy, bringing with it an ambitious increase in job creation target, writes Scott Wright.
The plan sets out how Invest Glasgow, the council’s inward investment team, and partners will promote the city as a location for sustainable investment. And it includes the ambition to lift job creation on the back of inward investment, from 10,000 to 15,000 by 2023.
The council said the higher target has been set on the basis that more than 8,000 jobs have been created in Glasgow from inward investment from 2016 to 2019. That tally excludes the bulk of the jobs Barclays will employ at its new hub at Buchanan Wharf on the south bank of the River Clyde, the council noted.
Barclays said the new site will create 2,500 jobs when it opens next year.
Susan Aitken, leader of Glasgow City Council, said: “This is our new road map to ensuring we can bring even more high-quality, sustainable jobs to the city and benefit the wider economy of Glasgow.
“We are confident that the new strategy will help attract 15,000 new jobs by 2023, a 50% increase on the original target.
“In addition, updating our investment aims will help to create an environment where Fair Work principles are adopted by employers as standard.”
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