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NEWS
Scottish Executive saves science centres with £5m funding deal
POSTED 09 Jul 2004 . BY
Scottish Executive deputy first minister, Jim Wallace, has announced a £5.1m funding package for four Scottish science centres.

The investment follows a consultancy study, which concluded that the four centres, Stratosphere in Aberdeen, Our Dynamic Earth in Edinburgh, Sensation in Dundee and Glasgow Science Centre, could not survive without public funding.

The agreement is part of a two-year package, which is expected to include further contributions from the Millennium Commission and local authorities.

The Glasgow centre will also benefit from a further £1.9m from Scottish Enterprise this year. The organisation is also considering investment in the other centres for next year.

The funding will be distributed periodically over the next 24 months as the centres prove their needs and meet targets set out in agreed business plans and will be used both to support revenue and to pay for new exhibits.

Scotland’s fifth science centre, The Big Idea in Irvine – which was closed in August last year and remains held in receivership by the Millennium Commission – will not be part of the package after the study decided that it should not be reopened as the likely number of visitors would not justify the level of support required.

Other science-related centres, or new science centres which may be set up within the timescale of the new package will not qualify for funding.

Wallace said: “We recognise that the centres – like those elsewhere in the world – cannot fund themselves through visitor and private sector revenue alone. The substantial interim funding recognises the undoubted public benefits provided by the centres.

“Science and innovation are two of Scotland’s key strengths, vital ingredients for economic growth and to achieve the aims of Smart Successful Scotland.”

In 2003, the four centres attracted 584,000 paying visitors between them and a further 109,000 children visiting as part of school trips. Details: www. Scotland.gov.uk

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Mubadala makes €1 billion bid for Pierre and Vacances
Abu Dhabi-based investment firm Mubadala Capital has made a binding, fully financed €1 billion offer to acquire Pierre and Vacances SA, the European holiday resort operator behind the continental European Center Parcs business.
Disney confirms US$30 billion investment programme as it highlights its economic impact
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NEWS
Scottish Executive saves science centres with £5m funding deal
POSTED 09 Jul 2004 . BY
Scottish Executive deputy first minister, Jim Wallace, has announced a £5.1m funding package for four Scottish science centres.

The investment follows a consultancy study, which concluded that the four centres, Stratosphere in Aberdeen, Our Dynamic Earth in Edinburgh, Sensation in Dundee and Glasgow Science Centre, could not survive without public funding.

The agreement is part of a two-year package, which is expected to include further contributions from the Millennium Commission and local authorities.

The Glasgow centre will also benefit from a further £1.9m from Scottish Enterprise this year. The organisation is also considering investment in the other centres for next year.

The funding will be distributed periodically over the next 24 months as the centres prove their needs and meet targets set out in agreed business plans and will be used both to support revenue and to pay for new exhibits.

Scotland’s fifth science centre, The Big Idea in Irvine – which was closed in August last year and remains held in receivership by the Millennium Commission – will not be part of the package after the study decided that it should not be reopened as the likely number of visitors would not justify the level of support required.

Other science-related centres, or new science centres which may be set up within the timescale of the new package will not qualify for funding.

Wallace said: “We recognise that the centres – like those elsewhere in the world – cannot fund themselves through visitor and private sector revenue alone. The substantial interim funding recognises the undoubted public benefits provided by the centres.

“Science and innovation are two of Scotland’s key strengths, vital ingredients for economic growth and to achieve the aims of Smart Successful Scotland.”

In 2003, the four centres attracted 584,000 paying visitors between them and a further 109,000 children visiting as part of school trips. Details: www. Scotland.gov.uk

MORE NEWS
San Antonio Zoo reports $283 million economic impact as expansion plans progress
San Antonio Zoo has reported a US$283 million economic impact for 2025, following a decade- long transformation programme that has seen almost US$200 million invested into the Texas attraction.
Great Barrier Reef attraction set for AU$180 million reinvention
Plans for the AU$180 million redevelopment of Reef HQ Aquarium in Townsville, Australia, are progressing, with the project set to transform the attraction into a global centre for reef education and conservation.
Mubadala makes €1 billion bid for Pierre and Vacances
Abu Dhabi-based investment firm Mubadala Capital has made a binding, fully financed €1 billion offer to acquire Pierre and Vacances SA, the European holiday resort operator behind the continental European Center Parcs business.
Disney confirms US$30 billion investment programme as it highlights its economic impact
Disney has reaffirmed its commitment to investing US$30 billion in its US parks and cruise business by 2033, using new America250 celebrations to underline the role its attractions play in supporting jobs, tourism and economic growth.
Expo 2030 Riyadh will create a permanent global destination
Expo 2030 Riyadh is being planned as a permanent visitor destination, with organisers confirming the six-million-square-metre site will become a Global Village after the event closes.
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COMPANY PROFILES
IDEATTACK

IDEATTACK is a full-service planning and design company with headquarters in Los Angeles. [more...]
Vekoma Rides Manufacturing B.V.

Vekoma Rides has a large variety of coasters and attractions. [more...]
Simworx Ltd

The company was initially established in 1997. Terry Monkton and Andrew Roberts are the key stakeh [more...]
TechnoAlpin Indoor

TechnoAlpin is the world leader for snowmaking systems. With the Indoor snow division, TechnoAlpin c [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

23-26 Aug 2026

Elevate Spa Riviera Maya Edition

The Riviera Maya Edition Kanai, Playa del Carmen, Mexico
29 Sep - 02 Oct 2026

Synergy - The Retreat Show

Pical Resort, Valamar Collection, Porec, Croatia
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