CITY PROSPECTUS TO FIND OUT HOW INVEST GLASGOW CAN SUPPORT YOU, CONTACT:

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1 TO FIND OUT HOW INVEST GLASGOW CAN SUPPORT YOU, CONTACT: investglasgow.com Invest Glasgow INVEST GLASGOW 2015 CITY PROSPECTUS

2 YOUR CITY INTRODUCING A WORLD-CLASS CITY Scotland s largest city is an economic powerhouse that generates nearly 18 billion Gross Value Added (GVA) to the nation every year, the largest amount of any Scottish city. Glasgow has a modern, mixed economy with finance, tourism, conventions, retail and hospitality sectors which are the envy of cities across UK and Europe. Glasgow is one of the world s greatest cities. It offers its residents, visitors and businesses an extraordinary quality of urban life and is a city ready for business, trade and investment. Implementation of the city s economic strategy is led by a private-public, cross-sector partnership overseeing the delivery plans for our key growth industries which are: Financial & Business services Low Carbon Industries/Cleantech Engineering, Design and Manufacturing Tourism and Events Life Science Higher and Further Education By building on a small number of strong, competitive industry sectors, the city is creating even greater opportunities for economic growth. In 2014, as host of the 20th Commonwealth Games, the Ryder Cup and the MTV European Music Awards, Glasgow showcased to the world the culmination of year on year, sustained investment in its economy, transforming it into one of the most vibrant and dynamic cities in which to live and work. Even through recent challenging economic times, the city has shown great resilience and responded proactively by further driving development in its key sectors and investing in its physical environment, its residents and businesses. Glasgow is ready for business your business! 18 BN WITH A POPULATION OF 593,245 GLASGOW IS SCOTLAND S LARGEST CITY. (Source: NROS) 18 BILLION IN GVA TO THE SCOTTISH ECONOMY EACH YEAR. (Source: ONS) 8 BILLION OF CAPITAL INVESTMENT ACROSS HOUSING, RETAIL, HEALTH, EDUCATION, HOTELS, OFFICES AND LEISURE SINCE (Source: Glasgow City Council) 2 CITY PROSPECTUS 3

3 INTENT ON BEING THE BEST Following years of investment in regeneration, Glasgow is once more a global economic force boasting truly world-class assets: Scotland s largest city is an economic powerhouse that generates nearly 18 billion GVA for the nation every year. quality people are at the heart of any successful business, and Glasgow has one of the most highly skilled and flexible workforces in Europe. it is the academic heart of Scotland and is one of Europe s most vibrant and cosmopolitan cities. Glasgow s air, rail, and road infrastructure makes it easy to access. Once you arrive, you can move quickly and efficiently throughout the metropolitan area. Glasgow delivers efficient and innovative office developments and world-class retail spaces suited to every size and type of business. Glasgow has one of the most sophisticated and competitive telecommunications operating environments in Europe. with ambitions to become one of the most sustainable cities in Europe and recognised internationally as a smart city of the future, Glasgow is a city where business, sport and international culture flourish. Glasgow faced stern competition from a number of other locations in the UK. What won it was a combination of a high quality resource pool and accommodation coupled with enthusiastic and tangible support from local universities, Glasgow City Council and Scottish Enterprise GLASGOW IS SCOTLAND S LARGEST CITY AND MAKES A CONTRIBUTION OF 16.3% TO SCOTLAND S GVA. GLASGOW S VISION IS TO BECOME THE MOST SUSTAINABLE CITY IN EUROPE. AT 130,000, GLASGOW HAS THE HIGHEST STUDENT POPULATION IN SCOTLAND. Jane McCormick, Partner, Head of Tax & Pensions, KPMG UK (August 2013) 4 CITY PROSPECTUS 5

4 WORLD CLASS CITY INCREASED OPPORTUNITIES Investors can have confidence in Glasgow, which is why it s ranked first for foreign direct investment (FDI) strategy across large European cities. It is also first behind London for FDI strategy across the whole of northern Europe (Financial Times fdi Magazine Awards 2014/15). A FEW OF OUR BUSINESSES: Increasing levels of investment from within Glasgow over the past decade have resulted in the city climbing the list of the best places to do business in the UK. The 2013 UK Competitiveness Index saw the city jump from 23rd place to 16th in a table of the most competitive urban areas outside London. Since 2012, Glasgow has created nearly 6,000 new jobs across the Financial and Business Services, Life Science, Engineering, Design and Manufacturing, and Low Carbon Industries/Cleantech more than any other Scottish city. Foreign direct investment alone has been worth over 1.7 billion to the city, creating over 8,600 jobs since 2008, 30% more than Edinburgh. A sustained programme of regeneration enabled Glasgow to grow its vibrant economy and it is now equipped to move forward as a recognised economic powerhouse. It is Scotland s first and only city and region to access the UK Government s City Deal and the first city in the UK to implement the Tax Increment Financing scheme. This will further enhance the 8 billion of capital investment the city has seen since The city is home to an impressive who s who of blue chip companies and major global organisations whose presence endorses Glasgow s status as a world-class business destination. Glasgow City Council s Invest Glasgow team is the city s first point of contact for all investment enquiries, promoting the city as one of the most business-friendly locations in the UK and Europe. There has never been a better time to invest in Glasgow. ACE Insurance Jacobs Engineering Aggreko JP Morgan Aon BT KPMG Ashurst AXA Morgan Stanley Babcock National Australia Group Barclays Wealth NFU Mutual BioOutsource RBS Biopta Royal Sun Alliance Santander Asset Management BNP Paribas Chimaera Bio ScottishPower Renewables Coherent Scotland Sgurr Energy Clydesdale Bank Steel Engineering Ltd energen biogas SSE esure Tesco Bank Ferring Pharmaceuticals Thales Fraunhofer UK Thermo Fisher Scientific Gamesa Vascutek Terumo GlaxoSmithKline Weir Power & Industrial Handelsbanken 3,200 NEW JOBS IN ACROSS A RANGE OF SECTORS. (SDI and Glasgow City Council) AMONG THE TOP TEN CITIES IN BRITAIN FOR NEW BUSINESS START-UPS. (Centre for Cities, Startup Report) 9,000 NEW BUSINESSES IN 2013, MAKING IT THE FIFTH MOST ENTREPRENEURIAL UK CITY. (Entrepreneurial Hotspots Report 2013) 16TH MOST COMPETITIVE URBAN AREA OUTSIDE LONDON IN (UK Competitiveness Index) 6 CITY PROSPECTUS 7

5 INTERNATIONAL CITY Glasgow aspires to be one of the world s best cities, excelling in a select number of growth sectors. In these sectors, the city is steadily building its global presence and is now internationally recognised for many of its achievements. These include: first for FDI Strategy across large European Cities, first behind London for FDI Strategy in Northern Europe, 13th overall in the top 25 European cities, number 6 city in the UK and Irish Cities Category, 3rd overall large European city, 9th in large European Cities for Human Capital and Lifestyle (Financial Times fdi Magazine Awards 2014/15). third UK city for finance and ranked higher than cities such as Prague, Budapest and Lisbon (GFCI, 2014). top in the UK for retail outside London s West End (CACI, 2013 and Venue Score ). conference capital of Scotland, with the capacity to host more conferences than all six Scottish cities combined and second only to London. first and only Scottish city to be named in the first round of Rockefeller Foundation s 100 Resilient Cities and only 1 of 2 UK cities. one of the highest ranking UK Cities for Quality of Life, higher than Belfast and Aberdeen. (Mercer, 2012). Glasgow has one of the UK s largest knowledge bases. Glasgow has been voted number one friendliest city in the world by Rough Guides. It is the only Scottish city in the top 15. Glasgow is the only city to feature twice in the coveted Louis Vuitton European Cities Guide in 2009 and one of the world s top 10 sporting cities. (SportBusiness Ultimate Sports City 2014 Awards) UNESCO City of Music since world class location for film and TV production with major international productions such as World War Z, Cloud Atlas and Fast & Furious 6 choosing to shoot in Glasgow. Many cities claim to be capitals of culture, to be creative, dynamic and networked. Glasgow is all of these things with a substantial evidence base that proves it really is one of the world s leading creative hubs. The city is home to many globally networked creative businesses and organisations, and to Higher Education Institutions like Glasgow School of Art that help develop the talent that drives the city s creativity. To understand this you must visit Glasgow, it is a friendly can-do place that will welcome you and your ambitions. AMONG THE MOST BUSINESS FRIENDLY LOCATIONS IN THE UK AND EUROPE. RETAILERS TURNED OVER 3,600 MILLION IN (Scottish Annual Business Statistics, 2012) 1BN BUSINESS TOURISM HAS BEEN WORTH OVER 1BN TO THE CITY S ECONOMY SINCE (Glasgow City Marketing Bureau) Professor Tom Inns, Director, Glasgow School of Art 8 CITY PROSPECTUS 9

6 PEOPLE MAKE GLASGOW With a can-do attitude and a commitment to being the most business-friendly city in the UK, there is no doubt that Glasgow s USP is its people. Top quality people are at the heart of any successful business and Glasgow has one of the most highlyskilled and flexible workforces in Europe. With a median age of 35, Glasgow has a young population. Businesses find it easy to recruit and retain high quality people, and local labour costs compare favourably with the rest of the UK. Key features include: a pool of over 400,000 skilled and adaptable workers. (NOMIS) 1.2 million working-age people are within a 45-minute commute, 2 million within an hour. (NOMIS) over 40% of residents with a qualification of N/SVQ 4 and above, higher than Manchester, Birmingham and Liverpool (undergraduate degree/professional qualification). (NOMIS) competitive salaries with high levels of employee retention. labour costs can be up to 12% lower than Edinburgh and 33% lower than London. (Source: FDI Benchmark and based on costs for running a BPO centre) a city with a comprehensive strategy and investment plans to deliver a skilled labour supply across priority sectors. a strong Scottish work ethic combining a can-do attitude with traditional Glaswegian friendliness. McAteer Photography/Clyde Waterfront Glasgow continues to provide JP Morgan with access to a highly talented and skilled workforce and it is a key strategic location for JP Morgan globally. Visiting colleagues are pleasantly surprised at the variety of work done in the Glasgow office and the capability of staff. What comes across most is the enthusiasm, commitment and quality of staff at the end of the day, that s what makes the difference. Paul Murphy, CEO, JP Morgan Scotland 35 I AM YOUNG POPULATION THE MEDIAN AGE IS 35. (Source: NROS) 70% OF THE POPULATION IS OF WORKING AGE. (BETWEEN 16 AND 65) (Source: NROS) 83% A SKILLED AND ADAPTABLE LABOUR POOL OF 415,453 AND 83% OF WORKING RESIDENTS WORK IN THE CITY. (Source: NROS) 40% 45 MIN OVER 40% OF GLASWEGIANS HAVE A QUALIFICATION OF N/SVQ 4 AND ABOVE. (UNDERGRADUATE DEGREE/ PROFESSIONAL QUALIFICATION) (Source: NOMIS) 1.2M WORKING-AGE PEOPLE ARE WITHIN A 45-MINUTE COMMUTE, 2M WITHIN AN HOUR. (Source: NOMIS) 10 CITY PROSPECTUS 11

7 INFORMED, INTELLIGENT INDIVIDUALS The convergence of academic knowledge and commercial expertise is forging links to new markets and helping to develop new, innovative products and services. Image courtesy of Glasgow School of Art Glasgow has a wealth of skills and talent to support all of our priority sectors thanks to: five higher education institutions and three super colleges. over 130,000 further and higher education students from 135 countries (30% of Scotland s higher Education and 22% of Scotland s Further Education students). (Source: HESA) 20,000 students achieving higher education qualifications in Glasgow s universities teach nearly 15,000 students business and administration, computing science and languages. There are over 5,000 graduates each year. (Source: HESA) ranked 50th in the world in QS Best Student Cities Ranking. over 3,000 further education students undertaking business and financial services studies. (Source: SFC 2012) a talented, multilingual workforce. Glasgow is one of the UK s largest knowledge bases with more of the city s talented graduates choosing to work here. nearly 54,000 FE students plus those studying leisure or distance learning courses. over 5,000 EU students and around 7,500 international students. GLASGOW CALEDONIAN UNIVERSITY IS IN THE TOP 10 IN THE UK FOR RESEARCH IN ALLIED HEALTH PROFESSIONS (RAE 2008) AND FIRST UK UNIVERSITY TO SET UP A CAMPUS IN NEW YORK CITY. UNIVERSITY OF GLASGOW IS THE 4TH OLDEST UNIVERSITY IN THE ENGLISH-SPEAKING WORLD. secondary school attainment in the city is at an all-time high and the number of young people going to university has risen every year for the past 10 years. UNIVERSITY OF STRATHCLYDE 2013 ENTREPRENEURIAL UNIVERSITY OF THE YEAR AND 2012 UK UNIVERSITY OF THE YEAR. (Times Higher Education Awards) 12 CITY PROSPECTUS YOUR CITY 13

8 GLASGOW S SUBWAY IS CURRENTLY UNDERGOING A 300 MILLION REFURBISHMENT. Image courtesy of Glasgow Airport INFRASTRUCTURE EXCELLENCE The combination of transport and technology infrastructure places Glasgow ahead of many UK and European locations. Glasgow is a compact city and transport options are plentiful. Glasgow is within an hour s drive of three international airports, with Glasgow Airport only 15 minutes from the city centre. Rail and motorway links are also extensive and commuter/passenger services are frequent, reliable and well maintained. An ongoing programme of investment in the transport infrastructure ensures that Glasgow is a connected city. Projects such as an extensive development and major expansion at Glasgow Airport and several motorway and rail line improvements are either underway or recently completed. Glasgow s unique underground system and its network of suburban railway stations are also being fully refurbished. BUSES Glasgow city centre is well served by bus operators running over 170 services in Glasgow and to surrounding areas. There are around 1,000 buses serving these routes. There are frequent bus services to and from Glasgow International Airport and the journey only takes 15 minutes. TRAINS Glasgow is home to the UK s largest suburban commuter rail system outside London. It has two rail stations in the heart of the city centre. SUBWAY Glasgow s subway system is the third oldest in the world after London and Budapest. It is currently undergoing a 300 million refurbishment and modernisation. The subway has 15 stations, all fully Wi-Fi enabled, offering easy access to the city centre and west end with trains running every five minutes at peak times. It only takes 24 minutes to complete the full circuit. AIR Glasgow Airport is 15 minutes from the city centre. Glasgow Airport has approx. 200 flights daily. 358 flights to London per week and up to 62 per day to/from London. One-hour flight time to London. 7.7 million passengers pass through Glasgow Airport annually. 60 million investment over the last four years Glasgow Prestwick International and Edinburgh International are each 45 minutes from Glasgow city centre. RAIL The largest integrated suburban rail network outside London. Glasgow s biggest rail station, Glasgow Central, has connections to all major English cities. London can be reached in four to six hours. There are 38 train links a day between Glasgow and London Euston. Glasgow Queen Street station connects Glasgow to the East and North of Scotland (Edinburgh, Perth, Dundee, Aberdeen and Inverness). Eight trains go to Edinburgh per hour, which can be reached in 50 minutes. The rail network also serves the scenic west coast towns and villages. ROAD Scotland offers a modern and comprehensive road network with less traffic densities than other parts of the UK. With four main motorways, Glasgow is the hub of Scotland s road system: The M8 runs through the city centre and connects with Edinburgh and Glasgow Airport. It also provides access to north, south, east and west of Scotland. The upgraded M74 has reduced journey times across Glasgow and connects directly onto the M6 to the south. DIRECT FLIGHTS FROM OVER 100 SCHEDULED DESTINATIONS GLASGOW CENTRAL STATION IS EUROPEAN RAIL STATION OF THE YEAR 2014 BUS OPERATORS RUN OVER 170 SERVICES IN GLASGOW 14 CITY PROSPECTUS 15

9 ROYAL CONSERVATOIRE THEATRE ROYAL GLASGOW CALEDONIAN UNIVERSITY GLASGOW CITY CENTRE GLASGOW SCHOOL OF ART GLASGOW CATHEDRAL MITCHELL LIBRARY KING S THEATRE GLASGOW ROYAL CONCERT HALL BUCHANAN QUARTER BUCHANAN GALLERIES UNIVERSITY OF STRATHCLYDE SCIENCE CENTRE SSE HYDRO CLYDE AUDITORIUM PRINCES SQ ARGYLL ARCADE CITY CHAMBERS ROYAL EXCHANGE SQ INGRAM ST MERCHANT CITY ST ENOCH CENTRE TRON THEATRE Bus Station Rail Station Subway Station Shopping Destination Landmark 210M 54,000 GLASGOW WILL BE A WORLD LEADING DIGITAL CITY BY (Source: Digital Glasgow Roadmap 20124) GLASGOW IS AT THE FOREFRONT OF SPECULATIVE OFFICE DEVELOPMENT IN THE UK WITH 4 NEW OFFICE PROJECTS TOTALLING 210 MILLION. THE CITY S FIVE HIGHER EDUCATION INSTITUTIONS (GLASGOW, STRATHCLYDE, & CALEDONIAN UNIVERSITY, GLASGOW SCHOOL OF ART & THE ROYAL CONSERVATOIRE OF SCOTLAND) TEACH OVER 65,000 STUDENTS AND PRODUCED NEARLY 25,000 GRADUATES IN ACADEMIC SESSION 2012/13. THE CITY HAS THE THREE LARGEST COLLEGES IN SCOTLAND (CITY OF GLASGOW, GLASGOW CLYDE & GLASGOW KELVIN COLLEGE) WITH 54,000 FULL AND PART-TIME STUDENTS. 16 RETAIL YOUR PROSPECTUS CITY YOUR CITY 17

10 INNOVATION MATTERS Glasgow offers state-of-the-art telecommunications infrastructures and the city exceeds the most demanding technology requirements of today s progressive companies. BT has invested more than 50 million in the city s broadband infrastructure, ensuring that the future economic plans for the city will not be hampered by tech solutions that are not adaptable. Glasgow s telecoms connections are 100% digital with numerous operators offering service in the city. Hundreds of Wi-Fi hotspots throughout Glasgow will enable almost universal mobility. The city centre streets are now fully Wi-Fi enabled. Glasgow is a city with its eye on the future and digital connectivity is high on the agenda. The city is investing heavily in improving the infrastructure to create a modern and future-proof digital connectivity solution. At the same time, the city is tapping into initiatives designed to bring technology to the daily lives of Glaswegians as well as visitors and businesses in Glasgow. Currently, broadband connectivity is offered as fixed (fibre and cable), wireless and mobile network. Glasgow is the first city in the UK to provide a combined cellular and Wi-Fi network in all of its 15 subway stations. In 2013, Glasgow was awarded 24 million from InnovateUK to deliver the Future City Glasgow programme. This ambitious council-led programme is aimed at using technology to make Glasgow smarter, safer and more sustainable. Glasgow has a strong business base in the technology sector and a number of companies at the forefront of ICT are already located in Glasgow, including: JP Morgan s European software development centre, Dell s technology support centre, Morgan Stanley Institutional Securities, and Barclays Wealth Management. The combination of excellent people, superb infrastructure and a can-do ethic makes this a perfect place to do business, and I cannot understand why anyone with telephone and internetcentred businesses would choose anywhere else. Peter Wood, Chairman, esure BT INVESTMENT OF OVER 50 MILLION IN THE CITY S BROADBAND INFRASTRUCTURE. 100% TELECOMS ARE 100% DIGITAL. CITY CENTRE STREETS AND SUBWAY STATIONS FULLY WI-FI ENABLED. 24M AWARDED 24 MILLION FROM INNOVATEUK BOARD TO DELIVER THE FUTURE CITIES DEMONSTRATOR. 18 CITY PROSPECTUS 19

11 INSIDE SPACE Glasgow provides high quality, competitively-priced workspaces. From modern, award-winning, waterfront offices with huge floor space, or the very best converted and refurbished offices, Glasgow can provide today s employers with a truly sustainable working environment. TOP CITY CENTRE RENTS (PER SQ FT) CITY COST Glasgow Bristol Edinburgh London (City) London (West End) Manchester Reading C&W MARKETBEAT OFFICE SNAPSHOT Q Highly competitive rental rates are lower than many major cities across the UK, making Glasgow the smart choice to locate your company business. As a vibrant and cosmopolitan city, Glasgow is a magnet for a vast array of support services from leading-edge software companies and accountancy firms to stylish restaurants and chic cafes. Glasgow is ambitious. Three speculative Grade A office developments offering a total of 500,000 sq ft of BREEAM excellent space will be available from spring 2015, more than any other UK city outside London: ONE WEST REGENT STREET Mountgrange s 143,000 sq ft scheme on the former Odeon site. The scheme includes a 9,000 sq ft retail element. 110 QUEEN STREET BAM s 163,000 sq ft scheme includes a 20,000 sq ft retail element. ST VINCENT PLAZA Abstract s 170,000 sq ft scheme on 303 St Vincent St saw 705,854 sq ft of Grade A and refurbished office space taken up. The final quarter of 2013 saw the go-ahead for Scottish Power s new headquarters a 220,000 sq ft building at St Vincent Street, which significantly boosted overall citywide take-up. Scotland s largest office market (27 million sq ft, with 16 million sq ft in the city centre). third largest regional office market in the UK. massive programme of exciting development areas ready for mixed use development and investment, including: the International Financial Services District, City Science, Collegelands, Pacific Quay, St Enoch Quarter and Clyde Gateway. as well as office space, Glasgow can offer innovative development sites for world-class hotel, mixed use and retail spaces suited to every size and type of business. beautifully preserved Victorian and Georgian architecture complemented by the best in 21st century office design. property costs can be up to 4% lower than Manchester, 5% lower than Edinburgh and 75% lower than London (1). (1) Source: FDI Benchmark. For running a BPO Centre defined as the rental costs for an in-town office of 27,986 sq ft. 3 RD 75% GLASGOW IS ONE OF THE BEST VALUE FOR MONEY LOCATIONS IN THE UK WITH RENTAL COSTS AMONG THE LOWEST. GLASGOW IS AT THE FOREFRONT OF SPECULATIVE OFFICE DEVELOPMENT IN THE UK WITH 4 NEW OFFICE PROJECTS TOTALLING 210 MILLION AND CREATING OVER 500,000 SQ FT OF NEW GRADE A CITY CENTRE SPACE BY SCOTLAND S LARGEST OFFICE MARKET AND THIRD LARGEST IN THE UK. PROPERTY COSTS 4% LOWER THAN MANCHESTER, 5% LOWER THAN EDINBURGH AND 75% LOWER THEN LONDON. 20 CITY PROSPECTUS 21

12 INVITING PLACE TO LIVE The city that inspired the architectural masterpieces of Charles Rennie Mackintosh and Alexander Greek Thomson is now a globally recognised 21st century city that offers an energetic and lively quality of life. Glasgow is one of the highest-ranking cities in the UK for quality of life (Mercer, Quality of Life Survey, 2014) and a European City of the Future (Financial Times fdi Magazine Awards 2014/15). The diversity of the city offers something for everyone, from culture and activities to proximity to nature and parks to historical aspects: an exciting, world-class culture. Innovative spaces host year-round thought-provoking events and exhibitions, from Scottish Ballet to avant-garde dance, Scottish Opera to rock concerts, the Royal Conservatoire of Scotland to some of the finest collections of civic art in Europe at the Burrell Collection and Kelvingrove Art Gallery and Museum. Among the highlights of what the city offers are the new Riverside Museum, the Glasgow Science Centre and a year-round programme of international events, as well as concerts which will fill 12,500 seats at the SSE Hydro Arena. Glasgow has a superb selection of first class housing, including apartments on the River Clyde and generously proportioned Victorian flats in the West End. With large family homes in the leafy suburbs close to high quality school provision and the combination of a business location within minutes, Glasgow offers a perfect solution to today s demanding lifestyle. Glasgow is the UK s second retail city after London (CACI 2013). More than half a million square metres of retail space can be found in the city, with super prime shopping within one square mile in the city centre, known as the Style Mile. Three major shopping malls can be found on the outskirts of the city. The retail sector is also bolstered by a vibrant café, restaurant and pub scene. Glasgow offers an exceptional array of leisure opportunities. The city has more green space per square mile than any other UK city. 20% of Glasgow s land area is dedicated to urban green space, which also connects along rail and road corridors, parks and cycle routes. the Clyde Coast, with its stunning scenery and water sports, is on the city s doorstep. Loch Lomond, gateway to the Highlands, is just 45 minutes away. Some of the world s greatest golf courses, such as Turnberry, Troon and Gleneagles are within an hour s drive of Glasgow. Glasgow is one of the world s leading destinations for sporting events, beating larger cities such as Paris, Tokyo, Moscow and Amsterdam, for 8th place in the SportsBusiness Ultimate Sports City 2014 Awards. The jewel in the crown of Glasgow s sport-related achievements was hosting the 20th Commonwealth Games in 2014, hailed as the best ever. MORE GREEN SPACE PER SQUARE MILE THAN ANY OTHER UK CITY. SSE HYDRO PLAYS HOST TO AROUND 140 EVENTS A YEAR. GLASGOW: WORLD S FRIENDLIEST CITY. (Rough Guide 2014) 22 CITY PROSPECTUS YOUR CITY 23

13 Image courtesy of City of Glasgow College INVESTMENT & DEVELOPMENT Glasgow s continued focus on major infrastructure developments will boost the city s national and international standing even further. The city is currently experiencing a period of record investment of around 8 billion. Glasgow offers a great deal to investors. Guaranteeing fast tracking of major planning applications for key development, and the city is an assisted area for Business Premises Renovation Allowances (BPRA). This enables investors to make use of 100% capital allowances for qualifying renovation expenditure on derelict commercial properties. DEVELOPMENTS COMPLETED AND UNDERWAY: NEW SOUTH GLASGOW HOSPITAL Due to be fully completed in 2015, the 1 billion publicly funded hospital will have the largest critical care complex in the UK and one of the biggest emergency departments in Scotland. GLASGOW AIRPORT 60 million investment over 4 years with further investment planned. Recent developments include a 10 million international pier extension, and the first phase of a 31 million skyhub terminal extension. THE SSE HYDRO Scotland s new national arena at the Scottish Exhibition + Conference Centre. With a seating capacity of 12,500, this impressive new venue plays host to around 140 events each year. BUCHANAN QUARTER Funded by Scotland s first and only Tax Incremental Financing scheme, this development includes plans to upgrade prime city centre locations including George Square, Buchanan Street and Queen Street rail station. SPECULATIVE OFFICE DEVELOPMENTS Glasgow is at the forefront of speculative office development with 3 new office projects totalling nearly 200 million and creating over 450,000 sq ft of office space in the city centre. CITY OF GLASGOW COLLEGE CAMPUS The new 200 million campus will include four stateof-the art buildings on existing college land in the city centre and on the banks of the River Clyde. Work will be completed in CURRENT DEVELOPMENT OPPORTUNITIES: CITY SCIENCE Two new developments in the city centre the University of Strathclyde s 89 million Technology and Innovation Centre, and Scottish Enterprise s Inovo Building. The Technology and Innovation Centre has already attracted major partners including SSE, the Weir Group, Scottish Power and other key cross-sector industrial partners. COLLEGELANDS A vibrant new quarter in the east of the city centre. Phase 1 of the development is now complete 90,000 sq ft of office space, 1,200 space multi-storey car park and 600 bed student residences. The masterplan for the area includes scope for hotel development. 24 CITY PROSPECTUS YOUR CITY 25

14 INTERESTED TO FIND OUT MORE? Invest Glasgow is dedicated to attracting and retaining investors to the city. Promising a first-rate service, the team will work with you from initial enquiry to dedicated aftercare. Whether it s comprehensive business support and market intelligence, identifying training grants and funding, recruitment and access to subsidies for graduates and apprentices, fast-track planning support or property searches, Invest Glasgow has its finger on the pulse of the city. TO FIND OUT HOW INVEST GLASGOW CAN SUPPORT YOU, CONTACT: invest@glasgow.gov.uk