Just over £17m will go into health technology; the Glasgow School of Art is to receive £5m and there will be £1.7m for a new business centre.
Mr Osborne gave details about the funding at a Commonwealth Games conference at Glasgow University, where he told delegates that there would be;
- A £16m UK government contribution to a new £64m Stratified Medicine Imaging Centre of Excellence that will provide life science research and innovation facilities at the New South Glasgow Hospitals Campus.
- A £5m contribution to support the Glasgow School of Arts new graduate and research centre.
- A £1.2m UK government contribution to a £4m MediCity Scotland facility that will bring together academics, entrepreneurs, clinicians and business support services to bring new healthcare services and medical technology to the market;
- £1.7m in UK government funding for a new £4m Centre for Business Incubation, Development and Recovery in Tontine House in Glasgow’s Merchant City.
- The remaining funding for the projects will be provided by local partners in Glasgow, including the Scottish government, Scottish Funding Council, Glasgow City Council, the University of Glasgow and the University of Strathclyde.
Glasgow City Council leader Gordon Matheson welcomed the announcement saying, “The City Deal will transform the Glasgow City region. This will mean not only better health for Glaswegians but, crucially, more sustainable, high-value jobs. The Imaging Centre of Excellence will put Glasgow at the forefront of cutting edge medical research. It is the best example of partnership between local and central government.”
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