Scotland's Economy

  • 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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  • This week: 12/07/19

    12th July 2019 by

    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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  • Trade and Investment Minister visits China – Day Five

    5th July 2019 by

    Trade and Investment Minister Ivan McKee is visiting China this week to promote the growing economic, cultural and educational links between Scotland and the world’s second largest economy. On the final day of his visit on Friday 5 July, Mr McKee hosted a breakfast meeting with GlobalScot Alan Hepburn, CEO of The Hepburn Group to...

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  • Trade and Investment Minister visits China – Days Three and Four

    5th July 2019 by

    Trade and Investment Minister Ivan McKee is visiting China this week to promote the growing economic, cultural and educational links between Scotland and the world’s second largest economy. On the third and fourth days of his visit, Mr McKee undertook a series of engagements in Beijing and Shanghai. He participated in a Social Enterprise Academy...

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