{"id":45424,"date":"2014-07-22T13:25:19","date_gmt":"2014-07-22T13:25:19","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=eac7928034b833d4cda2222565d60359"},"modified":"2014-07-22T13:25:19","modified_gmt":"2014-07-22T13:25:19","slug":"news-story-chancellor-announces-18-million-for-life-sciences-and-new-business-centre-as-part-of-glasgow-and-clyde-valley-city-deal","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=45424","title":{"rendered":"News story: Chancellor announces \u00a318 million for life sciences and new business centre as part of Glasgow and Clyde Valley City Deal"},"content":{"rendered":"<div class=\"govspeak\">\n<p>Chancellor of the Exchequer, George Osborne MP, has announced new funding for the life sciences and a new centre for business as part of the Glasgow City Deal. The announcement was part of the <a href=\"https:\/\/www.gov.uk\/government\/speeches\/chancellors-speech-to-the-commonwealth-games-business-summit\">Chancellor\u2019s speech at the Commonwealth Games Business Conference<\/a> in Glasgow. <\/p>\n<p>The UK government will provide:<\/p>\n<ul>\n<li>\u00a316 million UK government contribution to a new \u00a364 million Stratified Medicine Imaging Centre of Excellence which will provide life science research and innovation facilities at the New South Glasgow Hospitals Campus<\/li>\n<li>a \u00a31.2 million UK government contribution to a \u00a34 million MediCity Scotland facility which will bring together academics, entrepreneurs, clinicians and business support services to bring new healthcare services and medical technology to the market<\/li>\n<li>\u00a31.7 million UK government funding for a new \u00a34 million Centre for Business Incubation, Development and Recovery in Tontine House in Glasgow\u2019s Merchant City<\/li>\n<\/ul>\n<p>The remaining funding for these projects is being 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<\/p>\n<p>Speaking at the Commonwealth Games Business Conference, Chancellor of the Exchequer George Osborne said: <\/p>\n<blockquote>\n<p>I can announce today three further measures we are taking to support this City Deal and Glasgow\u2019s vision.<\/p>\n<p>First, the UK Government will invest \u00a316 million to support the new \u00a364 million Stratified Medicine Imaging Centre of Excellence at the impressive new South Glasgow Hospital.<\/p>\n<p>This is a hugely exciting new technology that has the potential to improve radically treatments for chronic diseases including cancer, diabetes and dementia \u2013 with treatments tailored to the patient\u2019s DNA.<\/p>\n<p>It\u2019s a major investment in Glasgow\u2019s growing life sciences industry \u2013 which will keep them at the cutting edge in this global race.<\/p>\n<p>Second, we\u2019re going to invest over \u00a31 million to help establish a MediCity Scotland campus on the outskirts of Glasgow.<\/p>\n<p>Medical Technology is already big business here, with ever more spin outs emerging from universities here.<\/p>\n<p>We\u2019re backing them today with this new a space where academics, entrepreneurs and clinicians will come together to develop new technologies and new businesses.<\/p>\n<p>And third, we are going to invest in a new business incubator in the heart of Glasgow\u2019s historic Merchant City.<\/p>\n<p>It\u2019ll house up to 125 businesses over the first five years \u2013 providing them with the very best facilities and mentoring so they can thrive.<\/p>\n<p class=\"last-child\">These initiatives \u2013 taken together with the infrastructure fund \u2013 have the potential to create almost 30,000 jobs in the area.<\/p>\n<\/blockquote>\n<p>Chief Secretary to the Treasury, Danny Alexander, said:<\/p>\n<blockquote>\n<p>Glasgow is one of our great cities with a proud history. As the City showcases itself to the world I am delighted the UK government is announcing further details of the Glasgow City Deal \u2013 a deal that will allow Glasgow to continue to go from strength to strength.<\/p>\n<p class=\"last-child\">Scotland has a phenomenal record in the life sciences sector. I am determined that this record is extended well into the future and the \u00a316 million that the UK government is providing towards a new Stratified Medicine Imaging Centre of Excellence at the New South Glasgow Hospitals Campus should help to ensure that.<\/p>\n<\/blockquote>\n<p>The Leader of Glasgow City Council, Gordon Matheson said:<\/p>\n<blockquote>\n<p>The City Deal will transform the Glasgow City region. It is the best example of partnership between local and central government.<\/p>\n<p class=\"last-child\">The Imaging Centre of Excellence will put Glasgow at the forefront of cutting edge medical research. This will mean not only better health for Glaswegians but, crucially, more sustainable, high value jobs.<\/p>\n<\/blockquote>\n<p>Photo courtesy of [Ianan])https:\/\/www.flickr.com\/photos\/ianan\/6644303165) on Flickr, used under Creative Commons.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>New funding for the life sciences and a new centre for business as part of the Glasgow City Deal<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/45424"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45424"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/45424\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}