downtown Glasgow, Scotland.

‘Huge’ green investment for future

Glasgow City Council has announced that it is bringing forward plans for its own green funding model, with the aim of injecting massive investment into a climate-resilient future.

Innovative partnerships are going to be the main targets of the plan, with this helping with the delivery of major interventions across energy systems, transport, buildings, and biodiversity. This news comes after a successful period of public funding attraction for the council, as it has attracted more than £300 million in further funding, with successful work across local carbon infrastructure investment in Bristol being used as a learning opportunity.

Glasgow quote

Councillor Susan Aitken, Leader of Glasgow City Council, said:

“These are hugely challenging times economically and socially for cities across the UK. But the building blocks we’ve put in place in Glasgow in recent years are now bearing fruit.

“In just over a year we’ve secured £300 million in public investment to advance cutting-edge new sectors; work on the transformational Clyde Metro project today takes its most significant step forward to date, and we’re announcing a huge advance in delivering the multi-million investment needed for Glasgow’s transition to net zero.

“And in seeking to make Metropolitan Glasgow the most resilient, diverse and innovative regional economy, we’re making major strides in improving the life chances and opportunities for all Glaswegians.”

The announcement came at Friday’s State of the City Economy Conference, with the council leader confirming that plans will be published for approval by the committee at the beginning of 2024. The event saw 600 delegates from across Glasgow’s business community coming together to learn about the new city marketing model that is being developed for Glasgow.

Speaking about this, Cllr Aitken continued:

“For all our cultural and sporting success, there’s a bigger story of modern Glasgow we need to be better at telling – one that reflects the dynamism of our economy, our institutions, and the ambitions we’re deliver [sic] on.

“This new city marketing model will support businesses and organisations who we know have a compelling story to tell, both at home and internationally.”

A new multi-million-pound City Social Innovation Challenge Fund will also be created to support innovators in under-represented communities to directly tackle local challenges, with this helping to further improve the welfare and wellbeing of communities across Glasgow.

 

Image credit: iStock

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