UPDATE: Glasgow’s iconic Lighthouse building is on the brink of a transformative change as it is set to become a net-zero innovation hub. This development was confirmed today when the Glasgow City Council committee approved a long-term, 99-year lease to Sustainable Ventures.
This initiative aims to foster the growth of climate tech firms, with the potential to create 5,000 jobs and support 500 companies across Scotland. The Lighthouse, a beloved architectural gem designed by Charles Rennie Mackintosh in 1895, has been largely dormant since the onset of the Covid pandemic, making this announcement crucial for revitalizing the city’s economy.
The lease was granted on Thursday, paving the way for Sustainable Ventures to invest in the building while ensuring public access remains intact. The company is committed to transforming the Lighthouse into a central hub for climate tech innovation, helping to drive Glasgow’s transition to net zero.
“The granting of the lease for the Lighthouse for this exciting new purpose not only brings a much-loved Charles Rennie Mackintosh building back to full productive use, but also creates a space for innovation that will help drive the economy of Glasgow in the future,” said Councillor Ruairi Kelly, convener for built heritage and development.
The Lighthouse was previously the home of the Glasgow Herald and has served as Scotland’s Centre for Architecture, Design, and the City since 1999. Now, it will become a key player in the climate tech arena, positioning itself as a go-to location for clean tech companies.
Sustainable Ventures, recognized as Europe’s leading growth partner for climate tech, has already empowered over 1,000 climate tech start-ups, generating more than £1.2 billion in funding and creating over 7,000 green jobs across its London and Manchester locations.
Partner James Byrne emphasized the significance of this development, stating, “Glasgow’s Lighthouse is set to become the beating heart of Scotland’s climate tech ecosystem. We’re excited to partner with Glasgow City Council to transform this iconic building into a world-class hub, connecting entrepreneurs, investors, and industry to accelerate innovation.”
This pivotal change not only revitalizes the Lighthouse but also aligns with Glasgow’s broader goals of fostering sustainability and economic growth. The council has been keen to bring the building back into full productive use after years of underutilization.
As the plans progress, eyes will be on the development of the Lighthouse as a climate tech centre, with expectations that it will not only invigorate the local economy but also play a significant role in Scotland’s journey towards a sustainable future.
Stay tuned for further updates as this exciting project moves forward, promising to reshape Glasgow’s landscape and support the growing climate tech sector.
