Glasgow City Region (GCR) is one of two new Scottish investment zones to benefit from investment, tax reliefs and other incentives over ten years for a package of projects which will boost the innovation economy.  GCR’s £160 million Investment Zone has £160 million funding available for project funding bids from eligible businesses.  The funding is to support the delivery of economic growth, more high skill jobs, investment, provide specialist business support and improve local infrastructure. It’s aim is to drive growth in priority sectors and boost the Region’s competitiveness.

ELIGIBILITY

To be eligible to bid for funding through the open call, businesses must fall within three key sectors: Life Sciences; Advanced Manufacturing and Precision Engineering; Digital and Enabling Technologies.

FINANCIAL CONSIDERATIONS

Project bids must also be able to provide at least 60% of the project funding which would then be matched by 40% of public funding in capital / revenue investment or tax incentives through the Investment Zone.

BUSINESS LOCATION

Projects within the Region’s Investment Zone (IZ) are not necessarily bound within a bespoke geographical area. But they must be based now or in the future within the perimeter of the Region.

DEADLINE

Bids should be submitted by 5 pm on 31 March 2024 by clicking HERE. The application form requires details of what the project will deliver, how it will be delivered and the match funding.

 

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