GCID - Inovo 2

Quick Facts

Project value: £130 - 150 million

Size: 1.01 hectares (2.5 acres)

Investment type: Joint venture partner, development finance, operator investment

Location: Glasgow (G1 1RD)

Landowner: Scottish Enterprise

Timescale: Pipeline

Status: Concept development

Project Overview

Sitting on 2.5 acres of development land in Glasgow city centre, the Technology and Innovation Campus (TIC) sites present significant opportunities within the Glasgow City Innovation District (GCID). The area is a vibrant mix of university buildings, residential and hospitality located in proximity to the Merchant City.

Opportunity to work with Scottish Enterprise (SE), the University of Strathclyde (UoS) and other stakeholders to develop 2. 5 acres (1.01 Ha) of land located at the heart of GCID. SE/UoS has already invested over £100m in developing a first phase of development on adjacent sites constructing the Technology Innovation Centre (TIC) and commercial office building inovo.

The development plots have capacity to accommodate up to 18,580 sq m (200,000 sq ft) of space which SE currently envisage being targeted at science and technology-based users, building on the already established and successful “Industry Cluster” model and benefiting from an already established ecosystem which nurtures innovation and growth.

GCID, anchored by the University of Strathclyde, is a partnership between Glasgow City Council, the University, Scottish Enterprise, Glasgow Chamber of Commerce and Entrepreneurial Scotland and is a home to innovative companies and organisations as well as UK Catapult centres and Scottish Funding Council innovation centres.

Located in the heart of Glasgow City Centre, the District is home to many innovative companies and organisations who've located within the district to nurture and accelerate growth, improve productivity, and access world-class research and technology from the University.

This is a collaborative approach with industry, government and innovation centres working together to identify and deliver challenge-led innovation.

GCID is home to:

  • Four Scottish Innovation Centres (The Data Lab, Digital Health & Care, CENSIS & IBioIC)
  • Five UK Catapults (Offshore Renewable Energy, Space Applications, Connected Places, Energy Systems & High Value Manufacturing)
  • The UK’s only Fraunhofer Institute (Centre for Applied Photonics)
  • Four UK National Laboratories/ PSRWs (NPL, NEL, LGC, Dstl)
  • Key industry research centres including Rolls Royce
  • Several high growth companies.

Artist's impression of Inovo 2

Investment Opportunities

Scottish Enterprise owns the sites and there is an opportunity to work with SE and partners to focus on further development of GCID and to be involved in an area already at the forefront of innovation and sustainability with access to knowledge campus and emerging industries and inward investment. The aim is to provide investors with a viable commercial proposition which can also fully align with SE and other GCID stakeholders’ economic jobs and sectoral growth objectives.

TIC/inovo buildings which formed phase 1 of the development of GCID are fully occupied and there is an opportunity to fulfill a need to provide the right type of space (flexible office/lab space) which can meet emerging needs within GCID.

Significant investment opportunities on these greenfield sites include:

  • Joint Venture Partner
  • Development Finance
  • Operator Investment

Progress Update

Previous work has been done by SE/UoS on possible designs, costs and delivery on developing these two separate development plots, but these proposals have not been taken forward. SE would be seeking to work with any j/v or investing partner to more fully develop plans for these two development plots that complement other existing and pipeline SE and partner projects currently under consideration.

SE has commissioned work to consider how these sites can be developed to complement other potential investment in SE owned sites within GCID.

For more information


🔗 Glasgow City Innovation District

Simon Parsons Head of Property, Scottish Enterprise email: simon.parsons@scotent.co.uk

Return to Project Portfolio