Work on a new £15.4m Glasgow City Science Innovation Centre has begun with Scottish Enterprise Glasgow selling a plot on the site to developers Start Anywhere Group (Start).
The two hectare City Science development is expected to attract a total of £60m worth of private sector investment and create more than 1,600 new jobs.
The initial phase of construction, a five-storey innovation centre, will provide more than 5,000m2 of space for a business centre, retail facilities and larger business units.
Start designs, develops and operates business and innovation centres and science parks. It has built up a national network of centres throughout the UK and is involved in the development of the London Science Park.
The first phase of work, involving site infrastructure and landscaping funded directly by Scottish Enterprise Glasgow and the European Regional Development Fund, has already been completed. Subject to planning, Start will begin work on the new building towards the end of 2008.
The creation of City Science is part of Scottish Enterprise Glasgow’s programme to build accommodation for science and technology companies, identified as one of the fastest moving sectors in Scotland with the most potential for growth.