£5.5m JOBS BOOST FOR EAST END
A£5.5MILLION cash boost has been handed to the East End.
The new funding is part of the Clyde Gateway regeneration project and comes on top of a new £1m loan to build a factory unit at the old Clydesmill steelworks in Auchenshuggle.
EFFORTS to bring j obs to Glasgow’s East End have been boosted by a multi-million investment deal.
Clyde Gateway has been awarded £5.5million from the Scottish Government towards essential funding to continue with regeneration programmes.
It has also been given a £1m loan from the Government’s SPRUCE fund for urban regeneration to build a new high specification manufacturing unit.
Clyde Gateway say it is responding to demand within the engineering and manufacturing sector for new purpose-built high-quality premises.
The unit will be built at Clyde Gateway East Business Park at Auchenshuggle on the old Clydesmill steelworks site
It is expected that it will be quickly filled and create 80 new jobs in the area.
The manufacturing unit is being built speculatively but in response to information on industry’s needs from Scottish Enterprise.
Councillor George Redmond, vice-chairman of Clyde Gateway, said: “I am delighted with this twin boost for the city and the Clyde Gateway area.
“The new factory will help increase Glasgow’s manufacturing base which continues to be such a vital component in our efforts to continue the growth of the local economy.”
It is hoped the new unit will be the first of many with ample space for others at the business park.
Clyde Gateway will use the cash to build on the infrastructure improvements in the area and work to bring in more investment and much needed jobs.
Kevin Stewart, Scottish Government, Local Government Minister, visited the site to witness construction work starting and announce the funding deal.
He said: “Over the last few years, Clyde Gateway has been at the forefront of transforming the east end of Glasgow beyond recognition.”