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Osborne's support for Life Sciences in Glasgow to boost Scotland's events sector

The Britain for Events campaign has welcomed the announcement earlier this week by the Chancellor of the Exchequer, George Osborne, of £18 million funding for life sciences and a contribution to the MediCity facility in Glasgow, as a major boost for the UK events industry.

The investment will pave the way in bringing together academics, entrepreneurs, clinicians and business support services, as well as provide funding for a new Centre for Business Incubation, Development and Recovery, all of which will have a positive impact on meetings and conferences across the country.  

Commenting on this boost, Alistair Turner, Campaign Director for the Britain for Events campaign said: “This shows clearly how government funding of priority economic sectors can have a knock on benefit for the event business. This also came ahead of the amazing opening to the Commonwealth Games last night which will also demonstrate how major sporting events can act as a focus for business activity to promote trade, inward investment, jobs and exports of Britain's creative talent.”  

Events are worth £39.1 bn to the UK economy. Britain for Events recently launched its first National Events Month in October 2014.

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