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Glasgow to benefit from smart cash

Category: Scottish Investment — Paul Morgan on February 4, 2013

Scotland’s second city has been awarded £24m ‘smart cash’, as the UK government invests in the future.

The cash, granted by the Technology Strategy Board (TSB), will be used on projects throughout the city to showcase how cities of the future will work.

Projects earmarked for investment include linking up traffic CCTV cameras, better use of crime prevention CCTV and improvements in providing energy and monitoring its use. The council will also create an app to aid the reporting of public issues.

The move to a smarter way of working is seen as increasingly important for cities across the world, as their populations grow at record levels. So too is smarter working seen as a vital element for companies, in order to improve services, product delivery and streamline costs.

Many Scottish firms are already investing in smart tech, with funding boosted by factoring and invoice discounting amongst other cash streams. The TSB decision to award the Future Cities Demonstrator money to Glasgow will aid the development of such initiatives.

The move was welcomed by the Deputy First Minister Nicola Sturgeon, who said she was delighted with the award. Gordon Matheson, the leader of Glasgow City Council, was also pleased with the announcement, saying:

“This is a huge boost to Glasgow’s ambitions to build a better future for our city and its people. We can ensure we are being as innovative and smart to meet the continued challenges of a modern and future city life.”

Data from the Glasgow project, together with other UK cities such as Birmingham and London, will be collected for interrogation by other cities.

'Disclaimer: The information contained in these articles is of a general nature and no assurance of accuracy can be given. It is not a substitute for specific professional advice in your own circumstances. No action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a consequence of the material can be accepted by the authors or the firm.

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