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Investment in Princes Trust, 15/01/15 [S]

John Swinney visited the new Princes Trust headquarters on Bridge Street in Glasgow today to announce over £500,000 of support for the organisation.

The half a million pound investment in Scotlandís young people could bring a double return, Deputy First Minister John Swinney said today.

The £555,000 towards the cost of purchase and renovation of the building to an enterprise and employability hub in Glasgow is expected to not only help young people and secure over 2000 jobs but will also support new Princes Trust businesses and the wider Scottish economy. The trust aims to support 6000 young people through the centre in its first year.

Deputy First Minister John Swinney met the Princeís Trust Scotlandís Director at the site of the centre, along with construction staff and four young entrepreneurs who discussed how the Princes Trust has changed their lives.

Speaking at the event John Swinney said:

ďThrough investing in the Princes Trustís new headquarters, we are not only supporting the local construction industry and staff of the organisation but we are also helping to create a facility that allows young people the opportunity to transform their lives. Some of the Princeís Trust young people will go on to start their own successful businesses which also contribute to the Scottish economy so the Scottish Government are delighted to be part of this exciting project.

For full details see the Scottish Government website.

Further Information

£500,000 investment in Scotland's young people