Bussiness
£30m gift to turn ex-student union into innovation hub
Hello and welcome to our daily digest of business, financial and economic news from around Scotland.
An artist’s impression of the refurbished building, which is due to open in 2026
1. A former university union building is to be turned into an entrepreneurial hub in a £30 million overhaul funded by an alumnus.
The ten-storey University of Strathclyde site on John Street in Glasgow has lain empty since 2020 but will now be named the Charles Huang Advanced Technology and Innovation Centre.
Huang, the Chinese-American founder of the private equity firm Pasaca Capital and the owner of Innova, a biotech company that sold Covid-19 lateral flow tests to the government, donated £50 million to the university through his foundation in 2021.
The new centre, to be opened in 2026, will provide additional research facilities in areas such as
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