Enterprising students from New College Lanarkshire are set to benefit from the construction of new industrial units in Motherwell.
North Lanarkshire Properties LLP and North Lanarkshire Council, with support with support through the Scottish Government’s Regeneration Capital Grant Fund Programme, have plans to create 14 modern, start-up units on an area of derelict land in Orbiston Street by Summer 2020.
One of the units will be the base for an entrepreneurship partnership with New College Lanarkshire, providing rent free accommodation and a grant to support students to establish their business.
A number of students have already benefitted from the College’s ‘Market Day’ initiative, which gives students the opportunity to present their business ideas to a panel of experts at the College’s annual ‘What’s the big idea?!’ competition to win mentoring and a spot on a dedicated on-campus market stall.
Now students taking part in the competition will have the chance to win a year’s rent of the new unit, as well a £2000 grant to help them get started. They will also have access to a range of marketing, employability and entrepreneurial support from the council’s business teams.
Shona Pettigrew, Head of External Funding and International Activities, said: “This new five-year partnership builds on other local and national initiatives focused on supporting young people into work and business, and presents an exciting opportunity for NCL learners to receive support, rent-free accommodation and a start-up grant for their company.”