Scotland's Economy

  • Scottish Government response to Scottish Chambers of Commerce Quarterly Economic Indicator: Q3 2019

    11th October 2019 by

    Commenting on the latest Scottish Chambers of Commerce Quarterly Economic Indicator, Economy Secretary Derek Mackay said: “It’s clear from this latest report that Brexit uncertainty, and in particular the threat of ‘no deal’, is having an increasingly negative impact on business confidence. “As a responsible government, our enterprise and skills agencies continue to work with...

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  • Scottish Business Pledge – Good for Business. Good for Scotland.

    10th October 2019 by

    The refreshed Scottish Business Pledge has been launched today following a review in 2018. Making a commitment to the Business Pledge promotes fairness, equality, opportunity and innovation in Scotland, which in turn creates greater economic success and sustainable, inclusive growth. The reinvigorated Business Pledge has been restructured to better support businesses seeking to make a...

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  • Update on Ferguson Marine

    2nd October 2019 by

    The Scottish Government has begun legal discussion with administrators to conclude the process of taking the Ferguson Marine shipyard into public ownership. Following a sale of business process, administrators have concluded that three indicative offers for the business received from commercial parties are either not capable of being executed or do not represent a better...

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  • Scottish Government response to Argyll & Bute Growth Deal funding

    2nd October 2019 by

    Infrastructure Secretary Michael Matheson said: “The UK Government is simply re-announcing money that has already been committed. “The Scottish Government has made clear our commitment to invest in the Argyll & Bute Growth Deal, and we have been ready to do so for some considerable time. “On the basis of our 50:50 approach to funding...

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  • Scottish National Investment Bank progress

    26th September 2019 by

    Today marks another important step forward for the Scottish National Investment Bank as the legislation to support its establishment and capitalisation reaches its first stage in Parliament. The Bill being considered today lays the foundation for an institution that will be a cornerstone in Scotland’s economic architecture. One with the capability and commitment to reshape...

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  • Scottish Government response on Babcock

    12th September 2019 by

    Commenting on Babcock being selected as preferred bidder for the £1.25 billion contract to build five Type 31 frigates, Economy Secretary Derek Mackay said: “I am delighted that Babcock has been selected as preferred bidder for the £1.25 billion contract to build five Type 31 frigates and look forward to working with them to maximise...

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  • Investing in Scotland’s future skills – Business Minister Jamie Hepburn

    10th September 2019 by

    Today I was delighted to visit Whitespace in Edinburgh and learn about their innovative approach within the creative industry sector and their commitment to upskilling and training their workforce. Their investment in their employees is evident in the quality of their work and the culture of their business. This type of business is central to...

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  • This week: 5G, tidal energy and business productivity

    30th August 2019 by

    5G plan First Minister Nicola Sturgeon has unveiled ‘Forging Our Digital Future With 5G‘, a new plan that will put Scotland at the forefront of the 5G technological revolution. 5G is the next generation of mobile internet, offering faster speeds and enhanced connectivity that could transform transport, education, healthcare and agriculture among other sectors. The...

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  • This week: GERS, Denmark and equal employment opportunities

    23rd August 2019 by

    GERS Scotland’s notional deficit is falling faster than the UK’s, with onshore revenues increasing by 5.1% to reach £61.3 billion in 2018-19 as a result of continued economic growth. According to the Government Expenditure and Revenue Scotland (GERS) figures published on 21 June, Scotland benefitted from a £3 billion increase in onshore revenues in the last...

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  • Strong and inclusive labour market

    13th August 2019 by

    Commenting on the latest ONS labour market statistics update, which cover April 2019 to June 2019, Business Minister Jamie Hepburn said: “These latest results show that Scotland is seeing the benefits of our Labour Market Strategy – driving inclusive and sustainable economic growth through delivering fair and good quality work across our society. “Scotland’s employment...

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