Wednesday, 21 April 2010

European money for Bridgeton

I was really pleased to see this morning that £1,157,086.00 has been secured from the European Regional Development Fund for Clyde Gateway's SME Business HUB in Bridgeton.

This money will go a long way to sustain real jobs and businesses in the East End, and have a large part to play in the regeneration of the area. This is on top of other money from the Scottish Government from the Town Centre Regeneration fund.

The SNP know that to get through the recession, we need to continue to invest in our people and our communities. This particular money is coming from the EU, not the UK.

Commenting on the news, John Swinney said:

"While there are signs of a fragile recovery, this undoubtedly remains a very challenging economic climate. It is absolutely right that the Scottish Government uses all of the levers at its disposal, including European funding, to support projects which can maximise employment opportunities and support our economy through the downturn and towards sustainable economic growth.

"I am delighted by the variety of projects supported by this latest cash injection, from new business facilities to the renewable energy industry. The projects have the potential to support the creation of around 950 new jobs in Scotland.

"This builds on the Scottish Government's Economic Recovery Plan, which has already directly supported up to 15,000 jobs in the Scottish economy at this difficult time. This funding will provide a further and timely boost to our recovery prospects and be warmly welcomed in many Scottish communities."


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