International Financial Services District
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International Financial Services District
The International Financial Services District (IFSD) (Scottish Gaelic: ''Sgìre Seirbheisean Ionmhais Eadar-nàiseanta'') is a public-private financial district in Glasgow, Scotland. Based at Scottish Enterprise, the £1 billion venture aims to create an attractive inward investment location for leading international financial services companies and a re-location option for existing Glasgow-based companies, seeking to expand their operations. The district offers over 3 million sq ft of top quality Grade A office space which has been developed at the district since the development of the project in 2001. Major tenants of the International Financial Services District include Morgan Stanley, JPMorgan Chase and Barclays. History Prior to the launch of the IFSD in 2001, the long-term decline of the old Port of Glasgow and its associated wharves and warehousing had resulted in a neglected infrastructure in Glasgow's city centre area fronting the River Clyde, otherwise known as the ...
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River Clyde
The River Clyde ( gd, Abhainn Chluaidh, , sco, Clyde Watter, or ) is a river that flows into the Firth of Clyde in Scotland. It is the ninth-longest river in the United Kingdom, and the third-longest in Scotland. It runs through the major city of Glasgow. Historically, it was important to the British Empire because of its role in shipbuilding and trade. To the Romans, it was , and in the early medieval Cumbric language, it was known as or . It was central to the Kingdom of Strathclyde (). Etymology The exact etymology of the river's name is unclear, though it is known that the name is ancient: It was called or by the Britons and by the Romans. It is therefore likely that the name comes from a Celtic language—most likely Old British. But there is more than one old Celtic word that the river's name could plausibly derive from. One possible root is the Common Brittonic , meaning 'loud' or 'loudly'. More likely, the river was named after a local Celtic goddess, '' Clōta ...
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Department For Work & Pensions
, type = Department , seal = , logo = Department for Work and Pensions logo.svg , logo_width = 166px , formed = , preceding1 = , jurisdiction = Government of the United Kingdom , headquarters = Caxton House7th Floor6–12 Tothill StreetLondonSW1H 9NA , employees = 96,011 (as of July 2021) , budget = £176.3 billion (Resource AME),£6.3 billion (Resource DEL),£0.3 billion (Capital DEL),£2.3 billion (Non-Budget Expenditure)Estimated for year ending 31 March 2017 , minister1_name = Mel Stride , minister1_pfo = Secretary of State for Work and Pensions , chief1_name = Peter Schofield , chief1_position = Permanent Secretary , chief2_name = , chief2_position = , chief3_name = , chief3_position = , chief4_name = , chief4_position = , chief5_name = , chief5_position = , chief6_name = , chief6_position = , chief7_name = , chief7_position = , chief8_name = , chief8_position = , chief9_name = , chief9_position = , parent_department = , we ...
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Kilometre
The kilometre ( SI symbol: km; or ), spelt kilometer in American English, is a unit of length in the International System of Units (SI), equal to one thousand metres (kilo- being the SI prefix for ). It is now the measurement unit used for expressing distances between geographical places on land in most of the world; notable exceptions are the United States and the United Kingdom where the statute mile is the unit used. The abbreviations k or K (pronounced ) are commonly used to represent kilometre, but are not recommended by the BIPM. A slang term for the kilometre in the US, UK, and Canadian militaries is ''klick''. Pronunciation There are two common pronunciations for the word. # # The first pronunciation follows a pattern in English whereby metric units are pronounced with the stress on the first syllable (as in kilogram, kilojoule and kilohertz) and the pronunciation of the actual base unit does not change irrespective of the prefix (as in centimetre, millimetre ...
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Blythswood Square
Blythswood Square is the Georgian square on Blythswood Hill in the heart of the City of Glasgow, Scotland. The square is part of the 'Magnificent New Town of Blythswood' built in the 1800s on the rising empty ground west of a very new Buchanan Street. These open grounds were part of the vast Lands of Blythswood stretching to the River Kelvin acquired by the Douglas-Campbell family in the 17th century.''Glasgow Past and Present''; by Senex and others, three volumes published in 1884 The Blythswood district became a Conservation Area in 1970, because of its important architectural and historic buildings. The square is one of the largest residential developments on Blythswood Hill on the of ground purchased in 1802 from the Campbells of Blythswood by The Great Improver - William Harley textile manufacturer and merchant. Harley also owned the adjacent mansion and 10-acre estate of Willow Bank, where he created and opened his Willowbank/Blythswood Pleasure Gardens with views o ...
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Inward Investment
Inward investment is the injection of money from an external source into a region, in order to purchase capital goods for a branch of a corporation to locate or develop its presence in the region. Foreign sources, such as transnational corporations or multinational corporations invest money by introducing new industrial sites to an area, in order to produce more of their product, sometimes in response to changes noticed in that area, such as a growing population or enhanced transport network. Inward investment creates jobs in an area and brings wealth into the economy. Some places do however attract inward investment due to their relative remoteness, for example a company wanting to recruit personnel with relatively common skills might deliberately relocate to an area where wage rates are relatively low, a factor that could arise because of the absence of similar jobs or localised underemployment Underemployment is the underuse of a worker because a job does not use the worke ...
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Pound Sterling
Sterling (abbreviation: stg; Other spelling styles, such as STG and Stg, are also seen. ISO code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound ( sign: £) is the main unit of sterling, and the word "pound" is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. Sterling is the world's oldest currency that is still in use and that has been in continuous use since its inception. It is currently the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and Renminbi, it forms the basket of currencies which calculate the value of IMF special drawing rights. As of mid-2021, sterling is also the fourth most-held reserve currency in global reserves. The Bank of England is the central bank for sterling, issuing its own banknotes, and ...
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Financial District
A financial district is usually a central area in a city where financial services firms such as banks, insurance companies and other related finance corporations have their head offices. In major cities, financial districts are often home to skyscrapers and other buildings of architectural importance and are called financial centres; such major centres also include important financial utilities such as stock exchanges and the offices of the main financial regulatory authorities. {{TOC80 List Notable financial districts around the world include the following: Africa Algeria *Algiers (الجزائر): Bab Ezzouar (باب الزوار) Kenya * Nairobi: Upper Hill Nigeria * Lagos: Lagos Island, Marina Mauritius *Port Louis: Place D'armes Morocco *Casablanca (الدار البيضاء): Anfa (أنفا), Maârif (المعاريف), Sidi Belyout (سيدي بليوط), Sidi Maârouf (سيدي معروف), Bouskoura (بو سكورة) South Africa *Johannesburg: Sand ...
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Scottish Gaelic
Scottish Gaelic ( gd, Gàidhlig ), also known as Scots Gaelic and Gaelic, is a Goidelic language (in the Celtic branch of the Indo-European language family) native to the Gaels of Scotland. As a Goidelic language, Scottish Gaelic, as well as both Irish and Manx, developed out of Old Irish. It became a distinct spoken language sometime in the 13th century in the Middle Irish period, although a common literary language was shared by the Gaels of both Ireland and Scotland until well into the 17th century. Most of modern Scotland was once Gaelic-speaking, as evidenced especially by Gaelic-language place names. In the 2011 census of Scotland, 57,375 people (1.1% of the Scottish population aged over 3 years old) reported being able to speak Gaelic, 1,275 fewer than in 2001. The highest percentages of Gaelic speakers were in the Outer Hebrides. Nevertheless, there is a language revival, and the number of speakers of the language under age 20 did not decrease between the 2001 and ...
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BT Group
BT Group plc (trading as BT and formerly British Telecom) is a British multinational telecommunications holding company headquartered in London, England. It has operations in around 180 countries and is the largest provider of fixed-line, broadband and mobile services in the UK, and also provides subscription television and IT services. BT's origins date back to the founding in 1846 of the Electric Telegraph Company, the world's first public telegraph company, which developed a nationwide communications network. BT Group as it came to be started in 1912, when the General Post Office, a government department, took over the system of the National Telephone Company becoming the monopoly telecoms supplier in the United Kingdom. The Post Office Act of 1969 led to the GPO becoming a public corporation. The ''British Telecom'' brand was introduced in 1980, and became independent of the Post Office in 1981, officially trading under the name. British Telecommunications was privatised ...
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Skills Development Scotland
Skills Development Scotland (SDS) is the national skills agency of Scotland. It is an executive non-departmental public body of the Scottish Government. History Created on 1 April 2008, SDS is a merger of former organisations and services which delivered skills related services across Scotland. The former organisations or services that now make up SDS are: * Careers Scotland * Elements of Scottish Enterprise's skills function * Elements of Highlands & Islands Enterprise's skills function * Scottish University for Industry (learndirect Scotland, learndirect Scotland for business, ILA Scotland and The Big Plus) * Training for Work * Skillseekers * Modern Apprenticeships In 2010, the agency found itself facing funding cuts of more than £20million and needing to find 125 voluntary redundancies, one tenth of its workforce. Structure Skills Development Scotland has a presence in most major towns across Scotland. The Big Plus The Big Plus is an awareness raising campaign i ...
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