ERNST and Young’s (EY’s) once-a-year attractiveness study displays Scotland is the most attractive spot for inward investment decision in the Uk exterior of London.
The four primary sectors making inward investments in Scotland in 2021 were digital technologies (33 initiatives), utility provide (18 projects), organization and specialist solutions (14 initiatives), and machinery and machines (14 tasks).
In pretty an superb calendar year, Scotland secured 14% more foreign direct expenditure (FDI) projects in 2021 with 122 secured as opposed to 107 in 2020.
In comparison, there was a 1.8% maximize in the amount of FDI assignments captivated to the United kingdom, when the amount of European inward financial commitment tasks enhanced by 5.4% in excess of the identical period of time.
This ensured Scotland enhanced its share of the overall inward expenditure initiatives attracted by the British isles, from 11% in 2020 to 12.35% in 2021.
Crucially Scotland’s financial investment spot attractiveness rose to its maximum degree, with 15.8% of buyers rating the place the most interesting spot in the United kingdom for FDI, much more than double the 2019 figure (7%).
According to figures out there to EY, far more than 10,000 Scottish careers have been created by FDI jobs in 2021, much more than double the approximate 4,500 determine in 2020.
EY’s outcomes, which address the calendar yr January-December 2021, aligned with Scottish Enhancement Intercontinental (SDI) figures announced earlier this thirty day period that showed additional than 7,500 planned actual dwelling wage careers experienced been produced by inward financial investment in FY21/22 (fiscal year).
113 expense assignments in Scotland have been supported, 39 of which had been traders finding in the country for the to start with time.
Scottish business companies have hailed the publication of the study.
Adrian Gillespie, Main Government of Scottish Enterprise, claimed: “Today’s EY Attractiveness Study underlines the powerful strengths Scotland has to offer on the global phase.
“Scotland’s extraordinary workforce, environment-renowned universities, competitive price tag foundation, supportive enterprise ecosystem, impressive normal sources and unparalleled high quality of life on offer you right away put Scotland on the radar of investors.
“When merged with our ‘Team Scotland’ approach, which sees public bodies, academia and market functioning collectively to promote the very greatest Scotland has to give, this truly will make us stand out from the crowd.
“Businesses have advised us that this joined-up method is a crucial motive why they choose Scotland – and EY’s survey is testomony to this – with Scotland’s perceived attractiveness to inward investors now at file concentrations.
“For Scotland’s overall performance to increase so markedly, and to however all over again be the most appealing site in the British isles for FDI outside of London, is a excellent accomplishment that will even more greatly enhance our worldwide popularity.
“Scottish Business and our associates will go on to boost Scotland as an suitable investment decision spot, providing financial and partnership alternatives for our communities and businesses alike.”
Marion Beattie, Head of Techniques Growth and Inward Financial investment at Capabilities Improvement Scotland (SDS) included: “Businesses inform us that capabilities are just one of the key considerations when creating financial investment decisions, and these figures present that Scotland proceeds to execute strongly in this regard.
“Working as part of Team Scotland, SDS is committed to establishing a dynamic, resilient, inclusive and intelligence-led competencies process that supports employers to commit in their latest and upcoming workforce.
“That means doing work with our associates to be certain the expertise, training and education and learning requirements of possible and current investors are fulfilled with a detailed and co-ordinated offer of aid.”