Some of Glasgow’s most socially deprived areas are set for a boost after the city council unveiled proposals to stimulate startup growth.
The local authority will look to drive interest in a number of areas in the city and draw upon the nation’s startups, small businesses and social enterprises. Rent discounts of more than £375,000 will be introduced to allow firms to take advantage of empty buildings as part of the initiative.
Proposals will be presented to the Glasgow City Council‘s administration committee next week, and will also outline proposals for community growth hubs to create space for social enterprises and community groups.
Driving access to some of the city’s most deprived areas is a key focus according to Councillor Angus Millar, the deputy convener for economic growth at Glasgow City Council. Concerns over a lack of affordable workspaces in the city are growing, and the £375,000 Community Business Boost will support young businesses in four areas, including Calton, East Centre, North East and Canal. This will see 50% of rental costs covered over a two-year period.
Local areas are set to benefit from this scheme, as vacant premises are put back to use and could help boost economic development.
The City Council said some units will be available for short-term, temporary use, while proposals for longer-term use are underway. Premises in the High Street and Saltmarket areas have been chosen – along with nine more units – to run at a yearly rent cost of £1.
Creating opportunities for deprived areas, Councillor Millar said, will benefit the greater economy within Glasgow. “The purpose is to spread economic opportunity across the city to advance an inclusive economic growth agenda,” he said. “So we don’t just see all the fantastic success stories that have gone on in Glasgow city centre,” Millar added.
“There are a number of different opportunities there, and it is really just about trying to maximise the breadth of support we can give businesses.”