Scottish Government to publish plans to increase inward investment

The Scottish Government will publish its plans to attract inward investors and internationalise Scotland’s economy will be published later today.

Minister for Trade, Investment and Innovation Ivan McKee will present Shaping Scotland’s Economy: Scotland’s Inward Investment Plan to parliament on Tuesday afternoon.

The aim is to create tens of thousands of jobs and spread the benefits of inward investment more evenly across the country.

This action plan was announced by the Scottish Government in its programme for government as part of its response to Brexit.

McKee said: “Scotland has been the UK’s top destination for inward investment outside London for the past seven years.

“Inward investors already complement our existing industrial base, providing 34 per cent of our jobs and 77 per cent of our exports, but we can do better.

“The new strategic approach I am announcing today will build on our strengths, create tens of thousands of jobs and spread the benefits of inward investment more evenly across the country.

“It aims to create high-value, skilled jobs in growing sectors and attract businesses that share our progressive, outward-looking values.

“With global economies still being impacted by coronavirus, and the end of the Brexit transition period looming, this plan is designed play an important part in driving Scotland’s economic recovery.”