Scotland’s Economic Strategy Gary Gillespie Chief Economist Scottish Government.
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Scotland’s Economic Strategy Gary Gillespie Chief Economist Scottish Government
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Transcript of Scotland’s Economic Strategy Gary Gillespie Chief Economist Scottish Government.
Scotland’s Economic Strategy
Gary GillespieChief Economist
Scottish Government
Scotland: economic recovery consolidating; over two years of continuous expansion
But mixed results below headlines……
Scotland’s Economic Framework
Key Priorities And Focus
Innovation and Competitiveness
Innovation and Investment in R&D
Innovation and Internationalisation
Innovation and Inclusive Growth• Innovation, in itself, can
increase inequality though its distributional impacts
• Growing movement to support “inclusive innovation”
• Possible to have both? Some evidence of broad relationship between innovation and less inequality
Hopkin et al, (2014)
OECD evidence: tackling inequality– Growing disparities are bad for long term growth.
• Rising income inequality in the UK estimated to have reduced GDP per capita growth by 9 percentage points between 1990 and 2010.
– Recent publication “In It Together: Why less
Inequality Benefits All” identifies key policies:• Improving job quality• Investment in education and skills• Reducing gender gaps• Design of taxation and welfare
Scotland’s regional patterns – GVA per head
Edinburgh
Aberdee
n City &
Aberdee
nshire
Glasgo
w City
Shetl
and Isl
ands
Perth &
Kinross
& Stirlin
g
Invern
ess, M
oray &
Baden
och
West
Lothian
South Ayrs
hire
Angus &
Dundee City
Orkney
Islan
ds
Loch
aber,
Skye
, Arra
n & Argy
ll
Falki
rk
South La
narksh
ire
North La
narksh
ire
Invercl
yde &
Renfre
wshire
Dumfries
& Galloway
Scottish
Borders
Eilea
n Siar
(West
ern Isl
es)
Clackm
annan
shire
& Fi
fe
East
Lothian
& M
idlothian
Caithness
& Su
th. & Ross
& Crom.
Dunbartons, H
elensb
urgh &
Lomond
East
& North Ayrs
hire0
5000
10000
15000
20000
25000
30000
35000
40000
45000
GVA
per h
ead
(£)
Scottish Average
Share of datazones in each LA in the 15% of most deprived datazones in Scotland
Scottish Average
Gla
sgo
w C
ity
Inve
rcly
de
Du
nd
ee
City
We
st D
un
ba
rto
nsh
ire
No
rth
Ayr
shir
e
No
rth
La
na
rksh
ire
Re
nfr
ew
shir
e
Cla
ckm
an
na
nsh
ire
Ea
st A
yrsh
ire
So
uth
La
na
rksh
ire
Fife
So
uth
Ayr
shir
e
Ed
inb
urg
h, C
ity o
f
Fa
lkir
k
Ab
erd
ee
n C
ity
Arg
yll &
Bu
te
Du
mfr
ies
& G
allo
wa
y
Stir
ling
We
st L
oth
ian
Ea
st R
en
fre
wsh
ire
Hig
hla
nd
Sco
ttish
Bo
rde
rs
Pe
rth
& K
inro
ss
Mid
loth
ian
Ea
st L
oth
ian
Ea
st D
un
ba
rto
nsh
ire
An
gu
s
Ab
erd
ee
nsh
ire
Eile
an
Sia
r
Mo
ray
Ork
ne
y Is
lan
ds
Sh
etla
nd
Isla
nd
s
0
5
10
15
20
25
30
35
40
45
Sh
are
of d
ata
zon
es
in e
ach
Lo
cal A
uth
ori
ty in
the
15
% M
ost
De
pri
ved
Da
ta
Zo
ne
s in
Sco
tlan
d
Source: SIMD
Scotland’s Economic Strategy - regional and local focus
– Delivering a business environment that supports business growth, with well-designed regulation and planning, and providing support for entrepreneurs and businesses across business sectors and across Scotland (Business Gateway);
– Tackling root causes of inequality, with investments in early years, childcare, education,
health and social care.
– Supporting locally-focused and community-based approaches to economic development, including through local government, the Third Sector, and the work of our Enterprise Agencies;
– Supporting investment in infrastructure, transport and digital, to improve accessibility and connectivity across Scotland;
– Building on the use of community benefit clauses in procurement. The approach set out
in the strategy puts an increased focus on local communities and considers how they connect into supply chains; and,
– Strengthening the success and resilience of Scotland’s cities, towns and rural areas
through the work of Scottish Cities Alliance and key initiatives such as City Deals, the Rural Development Programme and the Community Empowerment Bill.
Next steps
• Continued engagement
• Policy and delivery– Business Pledge– Fair Work– Trade and Investment Strategy/International Framework– Scottish Business Development Bank
• Updates available at www.gov.scot/economicstrategy
