The Regeneration Capital Grant Fund (RCGF) was announced as part of the 2024 Scottish Budget set out by Finance Secretary Shona Robison in December.

The funding will see a new Social Enterprise Centre come to life at the heart of Saracen Street in Possilpark. This centre will help support local entrepreneurs, becoming a hub for innovation and growth, providing space, facilities, services, and connections to develop initiatives within the local community.

ng homes, a local housing association and anchor organisation supporting the business improvement district (BID) project along Saracen Street, will host the new centre at 252 Saracen Street.

ng homes Chair Catherine Rossine said: “We are delighted to have received the funding which will enable ng homes to provide support and investment for the Social Enterprise Centre in Possilpark. Our hope is this project will provide opportunities for local people to develop and grow their businesses and skills.”