Scotland's Economy

  • 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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  • 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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  • Internet of Things, E-Bikes and GDP

    9th August 2019 by

    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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  • Celebrating Skills for Life

    6th August 2019 by

    A skilled workforce is the backbone of a strong economy, and Scotland’s economy has gone from strength to strength, despite the shadow of uncertainty cast by Brexit. Our unemployment rate is at a record low, while growth in economic output and exports remain strong. To continue to deliver a workforce that is empowered and confident...

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  • Funding, farms and Future Skills

    2nd August 2019 by

    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 by

    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 by

    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 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...

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  • Scotland’s labour market continues to perform well

    16th July 2019 by

    Commenting on this month’s labour market statistics update, released by the ONS for March to May 2019, Business Minister Jamie Hepburn said: “Yet again we are seeing strong results for Scotland’s labour market. Scotland’s employment rate rose over the quarter and year to 75.8%, very close to the highest on record. The unemployment rate fell...

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