Young ambitious Fintech companies are amongst the targets of The
Tontine, the new innovation centre opened on Argyle Street.
Representing the first Glasgow City Region City Deal project to
be completed in the city, the building was once the workshop of
legendary Scots inventor James Watt. Today, The Tontine will
showcase what Glasgow and the local authorities in the city-region
can do to support those innovative industries that will bring
future economic growth.
It will support the development of high-growth companies in the
likes of enabling technology, advanced design and manufacturing and
the creative sectors,
The Tontine will host high-quality, flexible workspaces for
these companies, with a focus on sectors which link with the city's
universities - to maximise cross-fertilisation between growing
companies in the city and major multi-nationals including financial
and business services firms and research programmes situated close
by. The spaces include breakout booths; networking and
meeting areas; office and desk spaces.
Over the next five years, it is envisaged that 134 businesses
will be supported at The Tontine, with each expected to increase
their staff numbers by at least four per business. This will
result in the creation of 536 new jobs and increased turnover of
£53.6m.