Scotland's Economy

  • Foundation Apprenticeships receive further recognition – Skills Minister Jamie Hepburn

    13th January 2020 by

      To meet the future skills needs of Scotland’s economy it is vital industry and educational institutions work together. Foundation Apprenticeships are an important part of building strong links between the two and, crucially, equipping young people with the skills they need to progress onto a successful career or further education. I am delighted that...

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  • 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...

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  • 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....

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  • 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 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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  • 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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