British start-up Codebase will receive £42m of public money to launch a network of tech hubs

Wednesday, July 13, 2022 4:23 PM

A UK tech company is receiving up to £42m from the Scottish government to create a network of tech industry hubs.

Codebase is awarded the contract, which is described as one of the largest investments the government has ever made in entrepreneurship.

The centers are designed to allow start-ups to grow and access advice from industry experts.

Nicola Sturgeon is due to announce the Tech Scaler contract at the Barclays Eagle Lab campus in Glasgow tonight.

The Prime Minister said: “Scottish tech start-ups and scale-ups are already a huge success story and the Scottish Government wants to do even more to capitalize on the current strength of the sector.

“Tech start-ups across Scotland will have access to world-class education and mentoring, as well as peer learning and networking opportunities through the tech scalers.

“For new businesses at all stages of their development, Scotland will provide one of the most supportive environments in Europe.”

Edinburgh-based Codebase Co-Founder Stephen Coleman said, “Codebase is delighted to have won the Tech Scaler contract.

“We will continue to work closely with our partners – old and new, local and global – to make Scotland one of the most welcoming places for tech start-ups in the world.

“We will help founders of all shapes and sizes from all walks of life turn their ideas into businesses through educational programs, community building and networking.

“We will help create more start-ups in Scotland and help them scale and access customers and investment globally.”