Scotland's Economy

  • This week: 22/02/19

    22nd February 2019 by

    Economic Impact of ‘No Deal’ Brexit A ‘No Deal’ Brexit could have a dramatic impact on Scotland’s economy, with the potential for national Gross Domestic Product (GDP) to fall by up to 7%, according to a new report by the Scottish Government’s Chief Economist. The paper, ‘No Deal’ Brexit – Economic Implications for Scotland, sets...

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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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  • Flexible Workforce Development Fund case study – Liberty Steel

    20th February 2019 by

    New College Lanarkshire is working with Liberty Steel to deliver training funded by the Flexible Workforce Development Fund (FWDF) to workers keeping steel manufacturing at the heart of Scottish industry. The multinational company has a large manufacturing plant in Dalzell, located around a mile from the College’s Motherwell Campus in Ravenscraig.  The Dalzell site, which...

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  • Unemployment in Scotland falls to lowest ever rate on record

    19th February 2019 by

    Commenting on this month’s labour market statistics update, released by the ONS for October to December 2018, Business Minister Jamie Hepburn said: “Despite the huge and continued challenges of Brexit, the Scottish economy and jobs market continues to strengthen. “Scotland’s employment rate rose to 75.5%, close to the highest on record. The unemployment rate fell...

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  • This week: 15/02/19

    15th February 2019 by

    State of the Economy Scotland’s Chief Economist, Gary Gillespie, published his State of the Economy Report in which he warns that intensifying Brexit uncertainty is causing concern and is already impacting key economic indicators in Scotland. Read more SNIB consultation analysis This week saw the first of many milestones for the Scottish National Investment Bank...

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  • Shaping the Scottish National Investment Bank

    11th February 2019 by

    Today we publish the analysis of responses to the public consultation on the Scottish National Investment Bank Bill which ran from September to October last year. This is the first of many milestones for the Bank in 2019 as we make significant progress towards the Bank being operational in 2020, investing in businesses and communities...

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  • This week: 08/02/19

    8th February 2019 by

    Ayrshire Growth Deal Infrastructure Secretary Michael Matheson visited Ayrshire to discuss the latest developments around the Ayrshire Growth Deal with local council leaders. Read more Spaceport Innovation Minister Ivan McKee welcomed the news that the firm behind Sutherland spaceport is to open a new base in Forres, creating up to 130 new jobs. Read more...

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  • This week: 01/2/19

    1st February 2019 by

    Stage 1 budget debate Yesterday’s debate at parliament saw stage one of the budget passed with health services, the economy and public services benefiting from more than £2 billion of additional spend. As he confirmed an agreement had been reached that will see the Scottish Budget passed at all stages by the Scottish Parliament, Finance...

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  • Concrete from carrots – now that’s really clever!

    31st January 2019 by

    Low CO2 concrete, made with by-products of the carrot industry. Sustainable, nutritional salmon feed generated from by-products from the whisky industry. Just two unlikely examples of the innovative technologies powering Scotland’s burgeoning biotech industry. In a nutshell, turning environmental challenges into opportunities and delivering real results to help us meet our climate change targets. I’m...

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  • Statement on Ayrshire Growth Deal

    30th January 2019 by

    Infrastructure Secretary Michael Matheson said: “Whilst I am disappointed that the UK Government has decided to depart from previous practice of agreeing joint announcements on growth deal support, I am glad to see that the UK Government has finally moved to make its commitment to Ayrshire clear. This is something which we have been urging...

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