Scotland's Economy

  • This week: 10/05/19

    10th May 2019 by

    Labour Productivity Statistics The latest labour productivity statistics were released and show Scotland is performing well. Key figures included: In 2018 Quarter 4, labour productivity in Scotland, measured by output per hour worked, has increased by 2.3% in real terms (inflation adjusted) compared to the same quarter last year Compared to the previous quarter, labour…

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  • This week: 29/3/19

    29th March 2019 by

    Research and Development statistics Record amounts are being spent on research and development, according to the latest Scottish Government statistics. Gross Expenditure on Research and Development (GERD) in 2017, one of the key measures of innovation, saw around £2.5 billion spent, predominately by businesses and higher education institutions. Read more about Research and Development spend…

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  • This week: 15/03/19

    15th March 2019 by

    Scotland’s space industry Scotland’s space sector could be worth £4 billion by 2030, Innovation Minister Ivan McKee said during a space industry debate in Scottish parliament this week. Mr McKee outlined the Scottish Government’s ambitious plans to introduce at least one spaceport by the early 2020s. Read more about Scotland’s space industry   Borderlands Infrastructure…

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  • Response to UK Government Spring Statement

    13th March 2019 by

    Public Finance Minister Kate Forbes has responded to the UK Government’s Spring Statement today, saying: “Amid the continuing uncertainty around the UK’s EU exit, the Spring Statement failed to provide businesses with any reassurances about their future and offered no clarity on future funding for Scotland. “Years of austerity and continued uncertainty at the hands…

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  • Economy Secretary addresses Edinburgh Chamber of Commerce

    5th March 2019 by

    Last week, Economy Secretary Derek Mackay addressed the 2019 Edinburgh Chamber of Commerce Business Awards. Read his full speech below.

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  • 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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  • 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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  • This week: 18/01

    18th January 2019 by

    Finance Secretary Derek Mackay announced that West Lothian is to get 3,450 new homes as part of the Winchburgh development – one of the UK’s biggest housing-linked infrastructure projects. Read more     Trade, Investment and Innovation Minister Ivan McKee met with inspiring participants of the CBI Leadership Programme at Bute House, discussing Scottish Government…

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  • A Fairer Economy: Enabling Scotland’s skills for the future

    18th January 2019 by

    Delivering a fairer, prosperous economy is a priority for the Scottish Government. And I know that it is a priority for businesses too. To achieve this, we want a fairer labour market and to continue to enhance the skills of our workforce. This year will see us bringing forward a range of measures designed to…

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  • Growing our strong investment in infrastructure during 2019 – Michael Matheson

    31st December 2018 by

    Infrastructure investment is one of the four pillars of the Scottish Government’s economic strategy which is why in 2019-20 our capital programme will invest more than £5 billion across Scotland. We know the value of investing in infrastructure goes beyond the physical homes, schools, hospitals we see as the projects begin to open. It unlocks…

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