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The money is coming direct from the £1b City Deal infrastructure fund. The council site has more detail on it here: https://www.glasgow.gov.uk/article/25523/Findings-of-George-Square-Conversation-released

Essentially, this doesn't look like new money thrown at a new project - the £10m talked about covers the nearby "Avenue" projects which are being applied to George Street and Hanover Street anyway.

Since they wrap around George Square, it makes sense that the council's applying the findings from their George Square consultation to the design rules that'll be sent out to contractors for the Avenueisation of the streets next to it.

If you read through the council news post, you'll see most of the changes will come from the final Avenue effects/benefits of George and Hanover streets. Most news reports are jumping on the pedestrianisation of the east and west sides, but that's just a stopgap til the full avenue changes happen.
Reddit Linkhttps://www.reddit.com/r/glasgow/comments/evjrrj/glasgow_city_council_strike_again_with_we_need/ffwqz2b/
CreatedWed 29th Jan 2020 2:41pm
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