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This week: GERS, Denmark and equal employment opportunities
23rd August 2019
GERS Scotland’s notional deficit is falling faster than the UK’s, with onshore revenues increasing by 5.1% to reach £61.3 billion in 2018-19 as a result of continued economic growth. According to the Government Expenditure and Revenue Scotland (GERS) figures published on 21 June, Scotland benefitted from a £3 billion increase in onshore revenues in the last…
This week: 31/5/19
31st May 2019
Advancing Manufacturing Challenge Fund Manufacturing businesses will be able to improve their productivity and upskill their workforce with support from a £14 million fund. The Advancing Manufacturing Challenge Fund will support businesses develop their manufacturing capabilities by inviteing public bodies, academic organisations and charities to enhance their existing equipment and training services. To launch the…
This week: 24/5/19
23rd May 2019
Business hubs Public Finance and Digital Economy Minister Kate Forbes launched a new network of business hubs in public libraries to support entrepreneurs. The Scottish Coworking Network has been developed by the Scottish Library and Information Council (SLIC) with Scottish Government funding and is aimed at providing local entrepreneurs, freelance workers, sole traders and start-ups…
This week: 10/05/19
10th May 2019
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…
This week: 03/05/19
3rd May 2019
New export growth plan launched The Scottish Government has launched ‘A Trading Nation’, an export plan backed by £20 million investment, to help increase the value of Scotland’s overseas exports and provide support to businesses considering overseas trade. First Minister Nicola Sturgeon launched the plan at the 22nd National Economic Forum in Edinburgh alongside Economy…
This week: 29/3/19
29th March 2019
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…
This week: 22/3/19
22nd March 2019
Labour Market Statistics Scotland’s Labour Market statistics from November 2018 to January 2019 showed: Scotland’s employment rate rose by 0.3 percentage points to 75.3% Unemployment in Scotland fell to 3.4%, the lowest rate on record Unemployment rate in Scotland (3.4%) is lower than the UK (3.9%) for sixth month in a row Scotland’s youth employment…
This week: 15/03/19
15th March 2019
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…
This week: 22/02/19
22nd February 2019
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…
This week: 15/02/19
15th February 2019
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…