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Pre-games boost for Glasgow technology sector

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by Startacus Admin

Its shaping up to be a cracking week for the city of Glasgow! Alongside what is promising to be the most memorable Commonwealth Games opening ceremonies in many a year, taking place later today (23/07/14) yesterday the chancellor of the exchequer George Osborne made an announcement which is sure to put a smile on many a little entrepreneurial face.Pre-games Boost for Glasgow Technology Sector

£24m in new funding will be made available for the development of Glasgow's life sciences, business and arts sectors.Of this money, some £17m will be powered into the growth of health technology, £5m has been earmarked for the Glasgow School of Art and a new business centre will be established in the city at a cost of £1.7m

Yesterday George Osborne told a packed congregation of delegates at a conference ahead of the Commonwealth games that the government will be handing over

  • A £16m grant to help with the completion of a new £64m Stratified Medicine Imaging Centre of Excellence
  • A contribution of £5m to help shore-up the Glasgow School of Arts new graduate and research centre.
  • A £1.2m grant to help with the development of a new £4m MediCity Scotland facility
  • Finally (and rather excitingly) a £1.7m contribution to a new £4m Centre for Business Incubation, Development and Recovery.

We can't help but feel George Osborne is playing something of a game himself with this strategic placement of funds with Glasgow on the cusp of the worlds second largest sporting event and scotland now less than ten weeks away from a era defining independence referendum. Your move Alex…

Don’t forget July is our Glasgow startup month, why not take a look at some of the other stuff we have been talking about so far!

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Published on: 23rd July 2014

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