The £555,000 will go towards the cost of purchase and renovation of the building to create an enterprise and employability hub in the city. It will provide support for young people and secure more than 2,000 jobs, but will also support new Prince's Trust businesses and the wider Scottish economy. In its first year, the trust aims to support 6,000 young people through the new centre.
Visiting the centre, Deputy First Minister John Swinney said: "Through investing in the Prince's Trust's new headquarters, we are not only supporting the local construction industry and staff of the organisation but we are also helping to create a facility that allows young people the opportunity to transform their lives.
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"Some of the Prince's Trust young people will go on to start their own successful businesses which also contribute to the Scottish economy so the Scottish Government are delighted to be part of this exciting project.
"The benefits of this investment will be felt both locally and nationally for years to come. The evidence for the long term benefits lie in the testimonies of the young people who have been given opportunities that would otherwise have been closed to them."
Allan Watt, Director of The Prince's Trust Scotland, added: "This year we will open The Prince's Trust Wolfson Centre. Based in the heart of Glasgow it is set to become the biggest youth employment and enterprise hub in Scotland.
"The support and investment we have had from the Scottish Government and European Structural Funds Programmes in Scotland have been key to our plans for the new centre and we are delighted to welcome Mr Swinney here today.
"The centre will allow us to reach thousands of young people from Glasgow and the surrounding area, helping them to turn their lives around through education and training, jobs and business."
(JP/CD)
