By Ian McConnell
Architecture practice 3DReid, which has worked on high-profile projects including design of the Emirates Arena and Sir Chris Hoy Velodrome for the 2014 Glasgow Commonwealth Games, has secured funding from Barclays through the coronavirus business interruption loan scheme.
3DReid, which employs more than 130 people across studios in Glasgow, Edinburgh, London, Manchester and Birmingham, also managed the refurbishment and extension of Gleneagles Hotel. It is currently designing a major new extension to Cameron House at Loch Lomond and working on the New Fountainbridge development in Edinburgh.
READ MORE: Owner of Battlefield Rest in Glasgow says restaurants keeping on their staff deserve greater support
Barclays said the funding under the UK Government-backed scheme, acquired by 3DReid in “anticipation of a potential contraction of fees and increased payment terms”, would ensure the firm “remains strong and resilient despite the uncertainty of the challenging economic environment ahead”.
READ MORE: Opinion: Ian McConnell: Will chlorinated chicken pose risk to Union amid Brexit farce?
The bank noted it had, in a bid to help 3DReid safeguard cashflow, granted the business a capital repayment holiday on a previous loan.
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