A science and technology park costing £60m is to be built inGlasgow city centre, creating up to 3,000 new jobs, Scottish Enterprise announced this week.
The five-year project, which aims to halt the brain-drain of talented scientists, researchers and academics out of Scotland, will build on Glasgow’s success in the optoelectronics, advanced engineering, life sciences, software, and e-business sectors.
The 550,000 sq ft site is to be transformed from a brown-field plot into a ‘science and technology quarter’, including office, laboratory, retail, leisure and housing space. The area chosen for the park, close to the city centre and Strathclyde University, is currently a mixture of car parking and derelict land.
Scottish Enterprise Glasgow, which bought the land from Strathclyde University for £1.5m, said many local jobs would be created through the formation of spin-off companies.
John Every, head of science and technology at Scottish Enterprise Glasgow, said the project will build on the success of the West of Scotland Science Park in the north of the city, which is now full. ‘In Scotland we have traditionally been good at developing new ideas, but not as good at capitalising on them. If we can do that, and build up a network of venture capitalists, that would be a terrific achievement,’ he added.
Henry McLeish, Scotland’s enterprise minister, said the scheme was one of the most ambitious science-based projects ever to be launched in Scotland.