Scotland's Economy

  • Response to UK Government Summer Statement

    8th July 2020 by

    Responding the UK Chancellor’s Summer Statement today, Finance Secretary Kate Forbes said: “We called for an £80bn stimulus package to build a strong, green and inclusive economic recovery and while there are elements in this announcement to be welcomed, in particular the measures on VAT for tourism and hospitality, overall this package is a huge...

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  • Scotland needs more financial powers to manage COVID-19

    9th June 2020 by

    by Finance Secretary Kate Forbes   The coronavirus pandemic is the greatest health and economic challenge of our lifetimes. It has required an unprecedented response from government to ensure our NHS has the capacity and equipment needed to respond to the health crisis and to help businesses manage the economic impact. Looking ahead, our economic...

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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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  • 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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  • This week: 7/6/19

    7th June 2019 by

    Movin’ On Summit This week, Economy Secretary Derek Mackay visited Canada where he attended the international Michelin’s Movin’ On Summit in Montreal. Meeting with new innovators and potential investors in Scotland, Mr Mackay promoted the Scottish Government’s commitment to a low carbon economy and highlighted the strong partnership between Michelin and Scottish Enterpirse to create...

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  • Consumer Scotland Bill

    7th June 2019 by

    Like everyone else, I spend money on buying things and I get frustrated when I feel the service or quality falls below the standard I expected. As the Minister responsible for consumer policy, I recognise this can have consequences for whole groups of people and negatively impact individual lives in serious and long-lasting ways. The...

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  • 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...

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  • This week: 12/4/2019

    12th April 2019 by

    Offshore wind summit announced Trade unions, offshore wind developers, supply chain companies and government will come together to look at maximising the offshore wind farm sector. The Scottish Government and UK Government will host the Edinburgh summit to look at how UK companies can benefit more from the build-out of offshore wind farms in UK...

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  • Scottish Apprenticeship Week 2019: Skills for the Future

    3rd March 2019 by

    From Monday 4th to Friday 8th, employers, apprentices, and training providers across Scotland will come together for Scottish Apprenticeship Week to celebrate and showcase the contribution that work-based learning offers to individuals, employers and the economy. Now in its ninth year, Scottish Apprenticeship Week is an annual campaign co-ordinated by Skills Development Scotland which includes...

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  • Rates reform progress

    22nd February 2019 by

    Implementation of Barclay Review moves to next stage. Businesses have given their views to help shape a bill to implement changes to the rates system. The Non Domestic Rates (Scotland) Bill which supports growth, increases fairness and streamlines administration will be introduced to Parliament before Easter. An independent analysis report of consultation responses, along with...

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