Nicola Sturgeon opens Glasgow Vaults

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First Minister Nicola Sturgeon has officially opened Scotland’s first independent safe deposit box service in Glasgow.

Based in the southside, Glasgow Vaults has been introduced in response to the major banks withdrawing the service that safeguards people’s valuable possessions.

The venture is being led by David Walsh and Seamus Fahy, who have invested in the region of £1 million equipping the vault with the latest state-of-the-art surveillance technology, including seismic shock sensors, 24/7 monitoring and biometric identification technology.

Employing five staff, the Glasgow facility is part of a strategy to expand the model across the UK and Ireland, following the successful launch of its first site in Dublin in 2013. The business is expected to grow its staff numbers in Glasgow to 15 by the middle of 2017.

Speaking at the official opening today, Nicola Sturgeon, the MSP for Glasgow Southside, said: “I’m delighted to welcome a new business to my constituency, delivering a new service to my constituents.

“Providing a secure place for valuables is very helpful when high street banks no longer appear to offer this service. I wish Glasgow Vaults well and hope to see the business thrive.”

The vault is open 362 days a year, and was designed in partnership with security consultants working on behalf of insurer Lloyd’s of London.

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