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Scottish government invests £42m in CodeBase for building seven tech hubs

The Scottish government has awarded CodeBase, an Edinburgh-based software incubator, a £42 million contract to construct seven new tech scaler hubs throughout Scotland.

“Tech startups right across Scotland will have access to world-class education and mentoring and opportunities for peer learning and networking through the tech scalers,” said Nicola Sturgeon, first minister.

Tech entrepreneurs will have access to guidance and mentoring at the hubs from professionals in the field like Google for Startups UK, Barclays Eagle Labs, and San Francisco-based membership programme Reforge.

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

The Tech Scaler contract was announced by Sturgeon before an event in Glasgow at Barclay’s new Eagle Lab Campus.

“We will be helping founders of all shapes and sizes from all backgrounds turns their ideas into businesses via education programmes, community building and networking.

“We will help to build more startups in Scotland and help them scale and access customers and investment globally,” said Stephen Coleman OBE, CEO and co-founder, Codebase.

Founded in 2014, CodeBase is a UK tech business incubator that helps startups grow. It’s currently operational in 27 locations across the UK.

Kate Forbes, economy secretary said: “Scotland’s tech industry is already a dynamic and entrepreneurial community and is forecast to be the second-fastest growing sector in Scotland by 2029.”

Through this investment, a number of startups will get the support they need to succeed in their endeavours. Congratulations to the entire team at CodeBase and all the best.

Shishir Gupta, Founder and CEO, StartupLanes

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