A new inorganic scintillation material based on Ba-Gd silica glass doped with cerium (BGS) is fabricated and studied. With the highest light yield among heavy glasses at the level of 2500 ph/MeV and fast scintillation response, the new scintillator ensures a good coincidence time resolution of < 230 ps FWHM for 511 keV γ-quanta from a 22Na source and SiPM readout. In addition to good performance in γ-quanta detection, the material demonstrates capability for efficient detection of low-energetic​ neutrons. The scintillator is produced by exploiting the standard industrial glass technology, which allows for an unlimited scaling up the conversion of raw material into a high-quality scintillator at a high rate. The glass can be casted in application-specific molds, so minimizing the material losses. The presented glass scintillator has potential for further improvement of its light output and scintillation response time.