Scottish Enterprise and Clyde Gateway have entered into a Memorandum of Understanding aimed at leveraging up to £16m of support.
This will go towards a planned £60m construction programme over the next five years to create low carbon energy efficient business space for manufacturing occupiers.
The first Scottish Enterprise award made under this collaborative programme will inject £2.4m of funding to develop three industrial units at Clyde Gateway East Business Park.
The three new units will total 57,791 sq ft of space, built using sustainable materials and directly accessing a Smart Grid to improve efficiency, reliability and deliver energy cost savings.
The business park is already home to occupiers including BT, Torishima, DHL, PF Cusack, Dentec Scotland, Glacier Energy Services, Greencore Group, Eden Mill Distillers, Smith Brothers and Network Rail.
Jane Martin, managing director of innovation and investment at Scottish Enterprise, said: “Advanced manufacturing will be a key contributor to Scotland’s future economic success, and so Scottish Enterprise is working with partners to help create the environment in Scotland so the sector can continue to thrive and grow.
“Important developments such as the National Manufacturing Institute for Scotland, which opens later this month, mean Scotland is becoming a global focal point for advanced manufacturing.
“And this memorandum will help make sure Clyde Gateway East is perfectly placed and appointed to attract businesses that want to be a part of that.”
Clyde Gateway’s chief executive Martin McKay added: “This innovative agreement provides significant investment to fast track the delivery of much needed new, fit for purpose and sustainable manufacturing and business space.
“Securing appropriate manufacturing locations also brings new job opportunities and this new agreement offers a huge boost to the area as we deliver sustainable transformation and economic growth.”
Clyde Gateway is an urban regeneration company which exists to drive inward investment and improvement for the communities across the east end of Glasgow and South Lanarkshire.
Established in 2008, following the announcement that Glasgow was to hold the 2014 Commonwealth Games, it has since seen more than £1.5bn invested in the area, from both the public and private sector.
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