A multi million pound technology hub is to be built in Rutherglen in a bid to attract engineering, medical, and digital companies to the area.
The Magenta Technology Hub will cost £4million and be based at Shawfield in the town.
The space, measuring 2000sq m, will be adaptable for a number of uses, with hopes that it will encourage investment and bring new jobs to Rutherglen, and aid in the recovery from the coronavirus pandemic.
The Magenta Technology Hub is the latest project from Clyde Gateway which has already delivered Cuningar Loop, the Rutherglen Links buildings, Red Tree Magenta, and the Red Tree Business Suites.
Alison Brown, from Clyde Gateway, told Lanarkshire Live : "We’re delighted that the Scottish Government is once again supporting our investment plans in Rutherglen and helping attract more jobs and businesses to Clyde Gateway."
Rutherglen MSP Clare Haughey was also enthusiastic about the project.
She added: "Clyde Gateway has an outstanding track record in transforming parts of Rutherglen – bringing new, high-quality, businesses and jobs to the area.
"I am delighted the Scottish Government has awarded this sizeable sum for the technology hub which is further evidence of their support of Clyde Gateway.
"Through the Scottish Government’s draft Budget for 2022/2023, they are set to invest a further £5m in Clyde Gateway over the coming year."
Clyde Gateway has also been awarded £650,000 for the New Olympia House in nearby Bridgeton.
The buildings at the proposed tech hub have been designed to accommodate maximum flexibility whilst having architectural interest which will provide post pandemic space for a variety of uses.
The hub will be targeted at engineering development, medical, and digital research sectors.
Through the government’s Regeneration Capital Grant Fund. 22 projects across Scotland, including the Magenta Technology Hub, are set to share £25m.
The fund is used to tackle inequalities and promote sustainable and inclusive economic recovery from the coronavirus pandemic.