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A new inward investment plan which aims to attract high quality jobs across a range of key economic sectors has been published by Scottish Government.

Shaping Scotland’s Economy: Scotland’s Inward Investment Plan was unveiled in Parliament by Minister for Trade, Investment and Innovation Ivan McKee.

The plan offers a fundamental shift in approach and focuses efforts on nine opportunity areas where Scotland has global strengths and which offer strong future prospects.

Priority will be given to companies that can provide new skills, build local supply chains and invest in research, with an emphasis on creating regional clusters to encourage the spread of investment across Scotland.

Resilience

Mr McKee said: “For the last seven years Scotland has attracted the most inward investment projects of any UK nation or region outside London. The time is right to build on these strong foundations.

“The Covid-19 pandemic has highlighted the need for greater resilience in our economy and to build back better. Scotland’s Inward Investment Plan therefore represents a fundamental shift in focus.

“Our robust analytical approach has identified nine opportunity areas where Scotland’s genuine global strengths, often built on our academic excellence, align with global investment opportunities and offer the most potential to maximise economic benefits across Scotland.”

The nine opportunity areas identified in the plan are energy transition, decarbonisation of transport, food and drink innovation, software and IT, digital financial services, digital business services, space, health technology and the transformation of chemical industries.

“For the last seven years Scotland has attracted the most inward investment projects of any UK nation or region outside London. The time is right to build on these strong foundations."

Minister for Trade, Investment and Innovation Ivan McKee

Team Scotland

In 2018, inward investors were responsible for a third of employment in Scotland, half of Scotland’s turnover and more than three-quarters of exports.

Publication of the plan was welcomed by Marion Beattie, Head of Skills Growth and Inward Investment at Skills Development Scotland.

She said: “This plan is an important milestone in how Scotland approaches the task of attracting inward investment.

“Skills are a crucial element in encouraging businesses to invest in Scotland, and so SDS has a fundamental role to play in demonstrating both the talents of our workforce and the support that’s available to employers.

“We’ve been working with colleagues from Scottish Government, Scottish Development International and across the enterprise and skills agencies to develop this plan and to ensure it reflects the ‘Team Scotland’ approach which we know is a key factor in investors’ decision-making.”

Find out more

Read the plan here.

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