Written 24 posts

Call for UK Government funding to support restrictions

21st October 2020

Finance Secretary Kate Forbes has called on the UK Government to provide appropriate funding to support businesses and communities, the wider supply chain and individuals negatively impacted or forced to close due to lockdown restrictions. In a letter to the Chancellor, Rishi Sunak, Ms Forbes said any support provided to local regions in England that…

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This week: 5G, tidal energy and business productivity

30th August 2019

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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Internet of Things, E-Bikes and GDP

9th August 2019

Economic Growth Statistics published this week showed that the Scottish economy grew by 0.6% during the first quarter of 2019. Economy Secretary Derek Mackay said the months and years ahead were crucial as the UK’s EU Exit, and in particular a ‘no deal’ Brexit, risks damaging Scotland’s economic growth. He said:  “Growing the economy is…

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Funding, farms and Future Skills

2nd August 2019

Read on for our weekly round-up of economy news from this week. Research & Development funding Trade and Innovation Minister Ivan McKee visited M2 Lasers in Glasgow to announce a £2.9 million Research and Development grant, which will create 24 new jobs, including 18 new highly-skilled scientific roles. He said: “Scotland has a long tradition…

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This week: 26/7/19

26th July 2019

National Islands Plan Island communities are being encouraged to shape the first ever National Islands Plan through a national consultation, which closes today (26 July). The Plan will set out how the Scottish Government, local authorities and other public agencies might work to improve outcomes for island communities. Scottish Ministers will be asked to report…

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This week: 19/07/19

19th July 2019

Flexible Workforce Development Fund Business, Fair Work and Skills Minister Jamie Hepburn launched the third year of the Flexible Workforce Development Fund. The Flexible Workforce Development Fund provides employers with an opportunity to access £15,000 worth of funding to create bespoke and tailored training opportunities to help address skills gaps within their organisation – delivered…

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Response to OBR ‘no deal’ warning

18th July 2019

Commenting on the warning from the Office of Budget Responsibility that a ‘no deal’ UK EU Exit could lead to a UK recession, Finance Secretary Derek Mackay said: “The Office of Budget Responsibility confirms what the Scottish Government have been warning for months that a no deal Brexit has the potential to push the economy…

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This week: 12/07/19

12th July 2019

Regional Selective Assistance Business Minister Jamie Hepburn announced a £152,000 Regional Selective Assistance grant for Victor Pizza, creating 15.5 full time jobs and safeguarding 7 jobs over the next 3 years. He said: “I am pleased this £152,000 Scottish Enterprise grant will help create 15 full time jobs and safeguard seven jobs over the next…

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This week: 14/6/19

14th June 2019

Labour Market Statistics Scotland’s unemployment rate fell again, to 3.3%, lower than the UK for the ninth month in a row. Statistics out this week also showed that Scotland’s employment rate rose to 75.9%, the highest on record. Read more about Scotland’s labour market statistics Modern Apprentices The number of apprentices benefitting from work-based learning has…

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Scottish Annual Business Statistics 2017

12th June 2019

The latest figures from the Scottish Annual Business Statistics show that tourism, food and drink and the creative industries are among the sectors to have grown over 2016-2017. The statistics show an improved performance for the majority of growth sectors within Scotland’s non-financial business economy. Increased approximate Gross Value Added (aGVA) was shown in the…

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