Tontine
The first Glasgow City Region City Deal project to be completed - Tontine hosted high quality and flexible workspaces for high-growth start-ups in the enabling technology, advanced design/manufacturing and creative economy sectors.
Based in Glasgow's Merchant City, the business accelerator nurtured and helped enterprises to scale-up; providing support for entrepreneurs to step back and work on their business rather than in it.
Tontine closed in July 2021 on conclusion of its 5-year project duration. You can find out more about this project and the outcomes it delivered below.
Companies that took up desk space at Tontine benefited from a highly focused Account Managed Service from a dedicated Business Adviser and wider support services tailored to their business needs as they increased in size or reach.
The environment and access to a like-minded community helped to foster networking opportunities whilst incubating the growth and impact of businesses through collaboration.
Background
Tontine was delivered as part of the £1.13 billion Glasgow City Region City Deal - supported by the UK Cabinet Office's Department for Business, Energy and Industrial Strategy (BEIS).
Outcomes
Tontine concluded in July 2021, completing its 5-year project duration. It has supported and helped scale up over 50 start-ups, delivered an accelerator programme in conjunction with Strathclyde University, and helped to create 530 full time equivalent jobs.
Many businesses experienced significant growth during and after their occupancy at Tontine, notably:
- Incremental Group - an IT support services business that started in Tontine with 3 desks and grew to over 40.
- Code Clan - an SQA accredited digital skills academy that doubled its Glasgow operation during its time at Tontine.
- Two Rivers Media - a television and film production company whose business grew from 2 desks to 40 whilst at Tontine, during which time they secured significant investment through international partners.
- Nude Finance - a fintech company which helps consumers to save for their first mortgage - this business started in Tontine with 2 desks increasing to 10 and has continued to grow through investment during the pandemic.
- R3-IOT - a satellite communications business that graduated from the SoXSA incubator programme. The company remained in Tontine for a period after graduating and have recently secured £3m of investment.
Fact File
Location: | Tontine Building, 20 Trongate, Glasgow, G1 5ES |
Budget: | £1.6 million |
Current Stage: | Project Delivered |
Completion Date: | 2016 |
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