{"id":3700,"date":"2019-05-10T14:38:21","date_gmt":"2019-05-10T13:38:21","guid":{"rendered":"https:\/\/blogs.gov.scot\/scotlands-economy\/?p=3700"},"modified":"2019-05-10T14:38:21","modified_gmt":"2019-05-10T13:38:21","slug":"this-week-10-05-19","status":"publish","type":"post","link":"https:\/\/blogs.gov.scot\/scotlands-economy\/2019\/05\/10\/this-week-10-05-19\/","title":{"rendered":"This week: 10\/05\/19"},"content":{"rendered":"<h3>Labour Productivity Statistics<\/h3>\n<p><a href=\"https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2019\/05\/Fact-Friday-1005.jpg\"><img decoding=\"async\" class=\"alignright wp-image-3716 lazyload\" data-src=\"https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2019\/05\/Fact-Friday-1005-300x150.jpg\" alt=\"\" width=\"312\" height=\"156\" data-srcset=\"https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2019\/05\/Fact-Friday-1005-300x150.jpg 300w, https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2019\/05\/Fact-Friday-1005-768x384.jpg 768w, https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2019\/05\/Fact-Friday-1005.jpg 1024w, https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2019\/05\/Fact-Friday-1005-750x375.jpg 750w, https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2019\/05\/Fact-Friday-1005-802x401.jpg 802w\" data-sizes=\"(max-width: 312px) 100vw, 312px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 312px; --smush-placeholder-aspect-ratio: 312\/156;\" \/><\/a>The latest labour productivity statistics were released and show Scotland is performing well.<\/p>\n<p>Key figures included:<!-- \/react-text --><\/p>\n<ul>\n<li>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<\/li>\n<li>Compared to the previous quarter, labour productivity is estimated to have grown by 0.5% in 2018 Quarter 4, following zero growth (0.0%) in the previous quarter<\/li>\n<li>In 2018, annual labour productivity increased by 3.8% compared to 2017<\/li>\n<\/ul>\n<p><a href=\"https:\/\/news.gov.scot\/news\/labour-productivity-statistics-2018-quarter-4\">Read more about labour productivity statistics<\/a><\/p>\n<h3>Research and development software funding<\/h3>\n<p>This week Ministers announced that 40 jobs would be created at Cherwell Software in Dundee, following a \u00a33.1 million research and development grant from Scottish Enterprise.<\/p>\n<p>The move underlines\u00a0the Scottish Government&#8217;s commitment\u00a0to investing in research and development to help grow Scotland\u2019s economy and ensure we are at the forefront of future technologies.<\/p>\n<p><a href=\"https:\/\/www.scottish-enterprise-mediacentre.com\/news\/cherwell-invests-in-scotland-to-expand-research-and-development-in-dundee\">Read more about the R&amp;D funding for Cherwell<\/a><\/p>\n<h3>Launch of nation-wide schools programme<\/h3>\n<p>Skills Minister Jamie Hepburn has welcomed plans from Scottish Financial Enterprise to launch Scotland\u2019s first nation-wide schools programme for financial services in partnership with Skills Development Scotland and DYW Scot.<\/p>\n<p><a href=\"https:\/\/bit.ly\/2YaGpQ3\">Find out more about the nation-wide schools programme<\/a><\/p>\n<h3>Scottish stock exchange<\/h3>\n<p>Business Minister Jamie Hepburn has welcomed the news that a project to launch Scotland&#8217;s new stock exchange has secured \u00a3750,000 of Scottish Enterprise funding, creating 45 high-skilled jobs in Edinburgh, Glasgow and Aberdeen.<\/p>\n<p><a href=\"https:\/\/bit.ly\/2WzkIZK\">Read more about the Scottish stock exchange<\/a><\/p>\n<h3>Opening of Space Technology laboratory<\/h3>\n<p>Innovation Minister Ivan McKee opened the new Integrated Space and Exploration Technology Laboratory at Glasgow University.<\/p>\n<p>The lab is part of the University\u2019s Space Glasgow network, which brings together engineers, physicists, geologists, mathematicians and computer scientists on cross-disciplinary space research projects.<a href=\"https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2019\/05\/IM-space-centre-0805.jpg\"><img decoding=\"async\" class=\"alignright wp-image-3718 lazyload\" data-src=\"https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2019\/05\/IM-space-centre-0805-300x200.jpg\" alt=\"\" width=\"298\" height=\"198\" data-srcset=\"https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2019\/05\/IM-space-centre-0805-300x200.jpg 300w, https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2019\/05\/IM-space-centre-0805-768x513.jpg 768w, https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2019\/05\/IM-space-centre-0805-1024x684.jpg 1024w, https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2019\/05\/IM-space-centre-0805-750x501.jpg 750w, https:\/\/blogs.gov.scot\/scotlands-economy\/wp-content\/uploads\/sites\/11\/2019\/05\/IM-space-centre-0805-629x420.jpg 629w\" data-sizes=\"(max-width: 298px) 100vw, 298px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 298px; --smush-placeholder-aspect-ratio: 298\/198;\" \/><\/a><\/p>\n<p>Mr McKee met researchers from the University\u2019s School of Engineering to hear more about their work in five key areas: access to space, space technologies, orbital dynamics, landing technologies, and surface and subsurface exploration.\u00a0He\u00a0said:<\/p>\n<p>\u201cScotland already has an innovative and diverse engineering base, with world-class companies competing in international markets.\u00a0 As a country already punching above its weight in the space sector, we are in a great place to consolidate these existing strengths to inspire skills development and STEM take-up.<\/p>\n<p>\u201cThis new lab will play a vital role to support the development of the sector in Scotland and I am pleased to see the University of Glasgow supporting these ambitions by providing exciting new opportunities for their students.\u201d<\/p>\n<p><a href=\"https:\/\/www.gla.ac.uk\/news\/headline_646724_en.html\">Read more about the technology laboratory<\/a><\/p>\n<h3>Rail freight fund announced<\/h3>\n<p>The Scottish rail freight is set to benefit from up to \u00a325 million of ring-fenced funds to help strengthen the industry over the next five years.<\/p>\n<p>The Scottish Government commitment was announced by Transport Secretary Michael Matheson during a visit to the Freightliner Terminal in Coatbridge.<\/p>\n<p><a href=\"https:\/\/www.transport.gov.scot\/news\/rail-freight-fund-announced\/\">Read more about the freight fund <\/a><\/p>\n<h3>The future of Air Departure Tax<\/h3>\n<p>This week Ministers announced that following updated advice from the UK Committee on Climate Change \u2013 and the new 2045 target for net-zero emissions adopted as a result \u2013 reducing Air Departure Tax is no longer compatible with Scotland\u2019s new emissions reduction targets.<\/p>\n<p>The Scottish Government welcomes the efforts of Scotland\u2019s tourism sector and aviation industry to reduce carbon emissions and will continue work with them to support the sector in a sustainable way.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#8230;<\/p>\n","protected":false},"author":483,"featured_media":3739,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[30,389,336,390,391],"class_list":["post-3700","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-economy-2","tag-labourproductivity","tag-scottisheconomy","tag-scottishstockexchange","tag-spacetechnology"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>This week: 10\/05\/19 - Scotland&#039;s Economy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.gov.scot\/scotlands-economy\/2019\/05\/10\/this-week-10-05-19\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"This week: 10\/05\/19 - Scotland&#039;s Economy\" \/>\n<meta property=\"og:description\" content=\"Labour Productivity Statistics The latest labour productivity statistics were released and show Scotland is performing well. 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