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The Scottish Government is to award £6.5 million towards the Clyde Gateway regeneration project in Glasgow.
The funding, subject to parliamentary approval, was confirmed by Housing Minister Kevin Stewart during a visit to the site today, 21 February.
A total of £5.5m will come directly from the Government this year, while a further £1m loan will be allocated from the Scottish Partnership for Regeneration in Urban Centres (SPRUCE) fund.
The money will be used to build a manufacturing unit in the area, targeted at key growth sectors as identified by Scottish Enterprise.
The facility is expected to create 80 new jobs for the area, in addition, to three construction jobs and three training places.
Speaking during his visit, Minister Stewart said: "Over the last few years, Clyde Gateway has been at the forefront of transforming the east end of Glasgow beyond recognition. However it is essential that we maintain that momentum and this additional money being provided by the Scottish Government demonstrates our continued commitment to supporting the delivery of regeneration and improving the lives of the local communities across the east end of Glasgow and South Lanarkshire."
Cllr George Redmond, Vice-Chair of Clyde Gateway and Executive Member for Jobs, Business and Investment at Glasgow City Council, added: "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.
"There is clearly much to celebrate in terms of what has been achieved so far in transforming the fortunes of communities such as Bridgeton, Dalmarnock, Rutherglen and Shawfield but it also is worth noting that we are less than halfway through the 20-year programme of activity.
"It is pleasing that the Scottish Government is acknowledging Clyde Gateway's great work with £5.5 million of funding for the coming year alongside a clear commitment to future activities as this will assist us in our wider efforts to attract the extensive investment and developments necessary to complete the task in hand."
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