Scotland's Economy

  • Chair of the Scottish National Investment Bank

    15th November 2019 by

    Economy Secretary Derek Mackay has welcomed the appointment of Willie Watt as the first Chair of the Board of the Scottish National Investment Bank. Mr Mackay said:  “I’m delighted to appoint Willie Watt as the first Chair of the Board of the Scottish National Investment Bank. “The Bank has the opportunity to transform and grow...

    Read more

  • Selling Scotland on the global stage

    12th November 2019 by

    Scotland is to be one of 192 countries represented at a global event aimed at driving innovation and collaboration across the world. World Expo Dubai 2020 will showcase Scotland as a global trading nation and world-leading destination for business, education and tourism. The World Expo is one of the world’s longest-running and largest international events....

    Read more

  • 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...

    Read more

  • 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...

    Read more

  • 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...

    Read more

  • 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...

    Read more

  • Internet of Things at Crookston Castle

    9th August 2019 by

    As Cabinet Secretary for Transport, Infrastructure and Connectivity, I was invited to visit historic Crookston Castle this week to learn about the Internet of Things (IoT) and see some of this exciting new technology in practice. The Internet of Things is about connecting physical devices, like sensors and actuators (i.e., devices that do things, such...

    Read more

  • Response to OBR ‘no deal’ warning

    18th July 2019 by

    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...

    Read more

  • EU continues to be key for Scottish exports

    6th June 2019 by

    The value of Scottish goods exported to the EU has increased by 18.6% in the last financial year, according to new statistics. The publication of HMRC’s latest Regional Trade Statistics shows the importance of the EU market to Scotland. Commenting on the statistics, Trade Minister Ivan McKee said: “These are very positive figures and show...

    Read more

  • Scotland and the Netherlands: European partners

    24th May 2019 by

    Despite the ongoing uncertainty over EU exit, the EU remains incredibly important to Scotland’s trading potential. And as our second largest export market, one country which is of particular significance is the Netherlands. Scottish exports to the Netherlands were estimated to be worth £2.5 billion in 2017 – 7.6% of all international exports – and...

    Read more