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Why invest in Scotland?
Why invest in Scotland?
welcome to
Scotland
FÀILTE GU ALBA
WELCOME TO SCOTLAND: the small country making
a big impact on the global landscape.
Scotland is where you will find excellence in education, a
flair for invention and a penchant for research. SCOTLAND
KEY FACTS
It’s a place where great minds connect, and where health,
happiness, equality and sustainability come together to
produce a dynamic business environment with global
impact.
You’ll find us progressive and pioneering. With a track
record of innovation and enterprise, we punch above our
weight in industries like finance, engineering, life sciences,
technology and energy.
The shining jewel in our crown is our people. By locating
in Scotland, you’ll access a highly educated, loyal
workforce with a strong work ethic. We will work with you
to meet your business and workforce needs and you’ll
be connected to a culture of research, innovation and
creativity.
Scotland is a land of great natural beauty and strong
heritage and our warmth and generosity are world
renowned. Collective wellbeing is at the heart of our POPULATION – 5.5 million
economic policy and we believe that long-term growth will
come from prioritising our people and our planet.
WORKFORCE – approx. 2.8 million
Many global businesses which share our values have
already chosen to locate, operate and grow in Scotland
and we’d love you to join them. CURRENCY – UK Pound Sterling (£)
We’re here for you throughout the journey – you will be MAIN LANGUAGE – English
supported before, during and after you locate in Scotland.
Now is the time to invest in Scotland. So come on in; be AVERAGE WEEKLY SALARY –
part of Scotland’s continuing success story. £563 before tax (approx. $750)
#SCOTLANDISNOW | 3
why Scotland?
reasons to invest
A well-educated, highly-skilled and adaptable workforce will
ensure you get the talent your business needs. World-renowned
TALENTED universities ensure a steady stream of high-quality local graduates
WORKFORCE for your continued growth, and low staff turnover rates make
it easy for you to employ and retain staff. We will listen to your
business, giving you the opportunity to influence skills, education
and training provision to maximise your human capital.
Scotland has a long history of engineering and invention and
INNOVATION today collaboration between our universities, innovation centres
POWERHOUSE and businesses will help commercialise your research. Our
universities produce more spin-outs than anywhere else in the
UK, proving that Scotland’s researchers are top of the class.
Our dynamic industry clusters and connected supply chains will
STRONG, allow your company to immediately benefit from established
COLLABORATIVE and influential industry networks, enjoying the sharing of
INDUSTRIES knowledge, networks, research and best practice from the
moment you set-up here.
By locating in Scotland you will benefit from one of the lowest
£ LOWER COSTS tax rates in Europe, together with low set-up and operating costs.
Property and salary costs are up to 40% less than London.
A robust and efficient international transport network and
CONNECTIVITY advanced, reliable digital infrastructure makes Scotland the
strategic location for your business.
Scotland has beautiful and accessible countryside, cosmopolitan
OUTSTANDING cities and unique history. Excellent schools and healthcare,
friendly people, great leisure opportunities and short commutes
QUALITY OF LIFE
all contribute to an exceptional quality of life for you and your
employees to enjoy.
Why invest in Scotland?
Scotland IS A
RECORD-BREAKING
PLACE TO INVEST
Naturally, we think that Scotland is the best place in the Indeed, Scotland has had an unprecedented run of
world to invest, but don’t just take our word for it. success, with high foreign direct investment (FDI) project
The number of companies choosing Scotland as a location numbers into the country illustrating Scotland’s ongoing
to grow their business continues to increase and our appeal to global investors.
reputation for excellence is flourishing, as evidenced by If you want to know more from the international
a host of independent surveys, awards and accolades. companies which have chosen to invest in Scotland,
In fact, year on year, the independent EY Attractiveness we’d be happy to make that connection for you.
Survey continues to name Scotland as the most attractive
location for FDI in the UK, outside London.
UK’s most attractive region for Glasgow, Edinburgh and Aberdeen
investment (outside London) for the in top 10 UK cities for foreign direct
seventh consecutive year investment
(EY Attractiveness survey 2020) (EY Attractiveness Survey 2020)
Growth of FDI in Scotland outpaced Top 10 ranking in the FDI European
the UK as a whole in 2019 Regions of the future report
(EY Attractiveness Survey 2020) 2020/2021
#SCOTLANDISNOW | 5
HIGH VALUE
LOW RISK LOCATION
LOWER SET-UP AND LIVING COSTS FOR HIGHER RETURN ON INVESTMENT
You’ll have specific objectives, goals and a business case to for locating businesses, Scotland has plenty of other
consider when thinking about where you want to locate or impressive numbers that can support your decision-making.
expand. Cost is inevitably going to factor into this. As well Scotland makes financial sense.
as being more cost effective than other leading locations
£
ONE OF THE LOWEST PROPERTY AND SALARY LOW RISK
TAX RATES IN EUROPE COSTS UP TO 40% LESS LOCATION
THAN LONDON
At 19%, Scotland (and the rest of the Scotland is an extremely Scotland is a stable, safe and secure
UK) has the lowest business tax rate cost-effective location for property, location with strong, transparent
of any G7 country - and joint lowest staff and cost of living compared to government and robust legal
in the G20 London institutions with coherent regulatory
practices – a safe place for your
company to locate
PROPERTY AND SITES TO SUIT YOUR BUSINESS Commercial Property Costs
Scotland offers a diverse range of property solutions to
suit your needs.
London £110
From city centre locations and business parks that are
within an easy commute of a working community of
2.8 million people, to rural sites, industrial units, large- Edinburgh £35
scale manufacturing plants, port-side hardstanding
facilities and development land for new build options,
Glasgow £32
we can help you find the perfect location.
£0 £50 £100 £150
Source: Cushman & Wakefield Global Occupier Metrics, May 2020
Why invest in Scotland?
THE RIGHT
TALENT
FOR YOUR BUSINESS
CAN I GET THE PEOPLE I NEED IN SCOTLAND?
Absolutely. Our people are our prize asset. In fact, our workforce is internationally recognised as one of the best trained, most
reliable and cost-competitive labour forces in the world.
And when you choose to invest in Scotland, we will listen to your business and give you the opportunity to influence skills,
education and training provision.
Did you know that Scots are also well known for their loyalty? With typically low attrition rates across key sectors, existing
investors tell us they’ve benefited from staff turnover levels so low, they’re ‘unprecedented’.
You can be confident that Scotland has a talent pool with the skills and experience required to grow your business and, with a
highly responsive skills and education system, we will meet your needs both now and in the future.
Our people are creative thinkers who also value – and benefit from – a healthy work life balance. Indeed, you’ll find that your
Scottish employees value their work-life balance just as much as their salary.
So, if you take a workforce internationally recognised for its skills, reliability and cost-competitiveness, add a healthy work-life
balance and an appetite for flexibility, the result is a stable, highly-skilled workforce and reassurance for companies like yours.
LOW STAFF COMMITTED TO
TURNOVER INCLUSIVE GROWTH
Existing investors in Scotland have We see fair work – those well-paid and
benefited from turnover rates so low they’re fulfilling jobs – as being fundamentally
‘unprecedented’. This will minimise disruption important to delivering inclusive growth,
which in turn will drive innovation,
to your business operations in Scotland, productivity and inclusion in Scotland. So
helping things run smoothly, and making it when you invest in Scotland, you’ll have
easy for you to employ and retain staff. access to a range of resources, funding
and tools to support your fair and flexible
STRONG MULTILINGUAL working objectives.
WORKFORCE
Language and communication capabilities HIGHLY-EDUCATED POPULATION
are one of our strengths with our strong
multilingual workforce speaking 170 Over 50% of our working population has
languages, allowing you to access the further education, ensuring the high-quality
language skills you need. talent pool you require.
#SCOTLANDISNOW | 7
ASPIRATIONAL AND
HIGHLY EDUCATED
Scotland has been a Did you know?
global leader in education
Scotland has 19 universities and
for centuries, having 27 colleges of further education,
been the first country yielding a steady stream of high
quality graduates
in the world to provide
universal education for
Scotland is home to more world-
both boys and girls. Today, class universities per capita than
our education system is almost anywhere else in the world,
internationally renowned, with three Scottish universities in
the Global Top 200
thanks to our dynamic mix
of academic and vocational
Our research is changing
qualifications, output of the world: 86% of Scottish
high quality graduates, research has been judged
to have ‘outstanding’ or
impressive learning ‘very considerable’ impact
facilities and our
world-class research. Our university research is cited
more often than any other
country in comparison to its
GDP and Scotland ranks third
in the world, ahead of all G8
countries, in terms of citations
per researcher
Scotland has the highest rate of
university spin-outs in the UK
Companies investing in Scotland
benefit from high levels of
collaboration with academia:
26,000 companies work with
our universities every year
Why invest in Scotland?
A POWERHOUSE
OF INNOVATION AND
INVENTION
Scotland’s long tradition of innovation JUST SOME OF THE INCREDIBLE INNOVATIONS
remains as strong today as it ever has IN SCOTLAND RIGHT NOW:
been. Smart, profitable ideas flow from • Attis fitness tracker
the broad mix of multinational firms based • Hydrason Intelligent Sonar
here, and from the diverse business, • Clydespace nanosatellite
academic and technology communities • Insignia Technologies smart food labels
that support them. • Current Health medical monitor
From our education system, through to our workforce • Zonefox cybersecurity (now acquired by Fortinet)
training and business leader development, we aim to instil
• Nova Innovation tidal array
the ‘can do’ entrepreneurial spirit and creative thinking
that underpins all successful business economies. • MiAlgae livestock feed
Scotland is full of people and resources that are • Sunamp heat battery
changing the world everyday. From the tiniest tweak to • Quickblocks construction blocks
groundbreaking discoveries, now is the time for innovation. • Celtic Renewables biofuel from whisky waste
HISTORY OF GREAT INVENTORS
Scotland has an esteemed history of engineering and innovation with television, penicillin
and radar being just a few examples of Scottish inventions that changed the world.
Bionic
Flushing Radar Acoustic
Telephone Grand hand
toilet MRI tractor
Scanner Theft Artificial
Bicycle TV beams
Auto tongue
GTA World’s first to detect
tidal energy counterfeit
array whisky
1745 1775 1800 1845 1890 1900 1910 1920 1930 1940 1950 1960 1990 2000 2001 2002 2010 2013 2014 2016 2017 2019
Refrigerator
Vacuum ATM
flask Penicillin Li-Fi
World’s first
Tyres Dolly Skyscanner SERS floating wind
the sheep metasearch Meningitis farm
engine test
#SCOTLANDISNOW | 9
SCOTLAND’S
INNOVATION CENTRES
Our world-class innovation centres lead the way,
stimulating growth, delivering economic impact
and supporting transformational collaboration Helps industry across Scotland to capitalise on a growing
between universities and industry. If you’re market opportunity in data science.
thinking business innovation, think Scotland.
Here are just a few examples:
(Centre for Sensor and Imaging Systems) Market-focused
sensor, imaging systems and Internet of Things innovation.
Provides an environment for innovation and R&D in
sustainable mobility and features excellent infrastructure, One of the biggest environmental and food science research
connectivity and space to grow as well as green energy and centres in the UK and the first of its type in Europe, it
heat supplied from local sustainable sources. employs more than 500 scientists and support staff.
Why invest in Scotland?
CONNECT WITH THE
SUPPORT YOU NEED
EVERY STEP OF THE WAY
We’ve already helped thousands of companies to realise their
ambitions in Scotland, so you can be assured of our support PROPERTY Find the right facilities and
before, during and after you locate in Scotland. SEARCHES get help with feasibility
We’ll connect you to the right people, in the right place AND ADVICE studies and procurement
and at the right time, to ensure that you get your Scottish
operations up and running as quickly and easily as possible. Connect your company to
Scottish universities and
ACADEMIC colleges to access cutting-
CONNECTIONS edge innovation and
exceptional talent
Help identifying the
SUPPLY CHAIN partners and suppliers
DEVELOPMENT that can help your business
thrive
Connect you to the
LINKS TO business professionals who
INTERMEDIARIES help you set up in Scotland
TALENT, Help research, identify and
RECRUITMENT recruit the people with the
AND SKILLS skills and experience you
ADVICE need
Provide access to flexible
FLEXIBLE training support and
WORKFORCE courses available to support
DEVELOPMENT staff development needs
LINKS TO Connect you to local and
BUSINESS global business networks
NETWORKS
Access dedicated advisers
BUSINESS who will understand your
SUPPORT AND business, help develop your
“The support we’ve received from the Scottish Government, ADVICE strategy and signpost you
the links with The Data Lab, and our connections with to the right support
Scottish universities are all essential elements for Previse’s
growth. We are poised to scale up. Quite simply, Scotland Provide advice on
has the right ecosystem to nurture a company like Previse.” financial support that
FINANCIAL may be available to locate
SUPPORT or expand your business
David Brown, co-founder and chief product officer at Previse in Scotland#SCOTLANDISNOW | 11
YOUR BUSINESS,
AT HOME
IN SCOTLAND
Covid-19 has reshaped how we work, and it won’t surprise you to know that Scotland, with a long history of innovation,
is already ahead of the curve and adapting its offering for companies like yours.
As your company finds its place in the new ‘work from anywhere’ world, you can be assured that we’ll keep you plugged
in to a valuable support network, where researchers, industry groups, advisors, local government and intermediaries are
on hand and ready to help.
FLEXIBLE PEOPLE REDEFINING THE WORKPLACE
Finding the right talent pool, which Now, more than ever, flexibility is vital
readily adapts to change and has the for businesses. And, as the case for
right approach to flexible working, is dispersed working gathers momentum and
fundamental. And in Scotland, we didn’t global workplaces continue to evolve, we
become known as one of the most recognise that your real estate needs may
attractive locations for investment by being need to change too.
tied to a 9-5 office routine. Whether this means you need even more
Our people are creative thinkers who also grade A office space, a reconfigured
value – and benefit from – a healthy work footprint, a global training facility or a
life balance. network of touchdown hubs, Scotland
can offer a range of options to meet your
needs.
RELIABLE CONNECTIVITY DELIVERING FAIR WORK
Digital connectivity has never been more In Scotland, collective wellbeing is at the
essential than it is today, as the case heart of our economic policy. We see
for a permanent ‘work from anywhere’ fair work – those well-paid and fulfilling
model gathers momentum. The good jobs – as being fundamentally important
news is that Scotland is ranked among the to delivering inclusive growth, which in
top 30 countries and cities for digital turn will drive innovation, productivity and
connectivity and our future-proofed fibre inclusion in Scotland.
network is on track to make Scotland one So let us support you as you
of the best-connected places anywhere in implement new and innovative workplace
Europe. practices – we have the tools you need to
So, whether you’re working from a remote deliver flexibility, promote creativity, create
idyll, or from a café in a bustling city quality jobs, develop talent and increase
centre, you can take comfort in knowing productivity and efficiency.
that you and your people will be well-
connected –wherever they are in Scotland.Why invest in Scotland?
THRIVE IN SCOTLAND
WITH ONGOING BUSINESS SUPPORT
We are here to assist your future growth, not strategy, connect you to new markets and
just your initial investment in Scotland. networks and signpost you to potential financial
Our team of experts will take the time to support and investment sources.
understand your business, help develop your
R&D INNOVATION
• Innovation specialists
• Connections to universities
INVESTMENT STRATEGY DEVELOPMENT
• Knowledge transfer partnerships
• Investor readiness support • Corporate strategy
• R&D grant support development support
• Access to finance
• Equity investment funds • International strategy
development
• Scottish Loan Scheme
• Foresighting
• Investment readiness
ONGOING
BUSINESS
ORGANISATIONAL
DEVELOPMENT
DEVELOPMENT BUSINESS IMPROVEMENT
• Environmental support
• Workplace innovation specialist • Lean management
support (Scottish Manufacturing
• Leadership & management Advisory Service)
development programmes • Infrastructure/ICT support
• Workforce planning and
strategy development
• Support to implement fair work
practices MARKET
DEVELOPMENT
• Skills assessment & training
support • Support to export from the UK
and overseas market support
• Market intelligence and research
• Marketing support
• Access to networks and
connections#SCOTLANDISNOW | 13
STRATEGICALLY LOCATED AND
WELL-CONNECTED
A CONNECTED BASE FOR YOUR COMPANY
Invest in Scotland and you’ll be close to some huge Beyond our robust and efficient transport network, our
markets. Whether you’re heading to London, Europe advanced and reliable digital connectivity infrastructure
or the rest of the world, Scotland is well-connected for makes Scotland the strategic location for your business.
business travel.
5 Extensive rail network
allows easy inter-city travel 7 Reliable
international airports and commuting – less than major deepwater digital
150 1 hour’s travel time between seaports infrastructure
destinations worldwide Glasgow and Edinburgh
1 hour 84 Frequent freight 95.5%
flight time to London trains between and passenger ferry
fibre broadband
130 Edinburgh and London services connect with
flights per day coverage
each weekday Northern Europe
Long haul hubs 4 hours 17 minutes Modern road and Scotland is
regular direct flights to fastest journey time motorway network has ranked among the top
the Middle East, USA between Edinburgh and less traffic density than 30 countries and cities
and Canada London other parts of the UK for digital connectivityWhy invest in Scotland?
ENJOY AN
OUTSTANDING
QUALITY OF LIFE
DISCOVER
A UNIQUE AND COSMOPOLITAN, WORLD-FAMOUS JAW-DROPPING AWESOME
PROUD 5,000 DYNAMIC, ARTS AND MUSIC SCENERY MOUNTAINS,
YEAR HISTORY FRIENDLY CITIES FESTIVALS ATMOSPHERIC
GLENS
THE HOME TOP CLASS ANCIENT WHISKY STUNNING LOCHS,
OF GOLF INTERNATIONAL MONUMENTS DISTILLERIES SPRAWLING
SPORTING GALORE COASTLINE AND
EVENTS 800 UNIQUE
ISLANDS
With beautiful and accessible You and your employees will enjoy an nationalities and embrace different
countryside, cosmopolitan and vibrant exceptional quality of life here with cultures. It’s no wonder more than 50
cities and a unique history spanning excellent schools and healthcare, million people across the globe claim
over 5000 years, Scotland is just as friendly people, great leisure Scottish ancestry!
alive today as it has ever been. From opportunities, short commutes and
the ancient clans of the 12th century, a lower cost of living compared to Now is the time to
each generation has added their own London and other major European explore Scotland.
cultural thumbprint, creating a unique cities. We live up to our reputation
and vibrant country. as a country that welcomes all
Culture Sport & leisure Stunning scenery Inclusive and welcoming
Ensuring that you feel safe
Scotland is home to both a We regularly host major Scotland was recently voted
and welcome is important
UNESCO World City of international sporting ‘Most Beautiful Country in
to us, so we are proud of our
Literature (Edinburgh) and a tournaments such as rugby’s Six the World’ by readers of ‘travel
world-renowned reputation
UNESCO World City of Music Nations tournament and golf bible’ Rough Guides.
for providing a warm and open
(Glasgow). tournaments including the 2014
welcome to all.
Ryder Cup.#SCOTLANDISNOW | 15
WHAT ARE YOU WAITING FOR?
SCOTLAND IS NOW
“Scotland is a phenomenal place to both visit and ultimately
to live. We have some of the best universities in the world.
There’s no question that Scotland is one of the most
connected places in the world.”
Douglas Hare, founder and CEO, Outplay
SCOTLAND
78%
20 REASONS
DECLARED
AS ONE OF THE OF ESTABLISHMENTS
WHich HIRED A
5000 years
#SCOTLANDISNOW TOP SCOTTISH GRADUATE
FOUND THEM
of UNESCO AWARD WINNING
HISTORY AND CULTURE
COUNTRIES
WELL PREPARED FOR WORK
scotlanD
TO VISIT (LONELY PLANET)
(Scottish Employer Perspectives Survey 2019)
has the
SCOTLAND 19% highest number
of active spinouts
FIRST COUNTRY 170 LANGUAGES boost in visitors in the UK
SPOKEN ACROSS SCOTLAND to attractions in (Outside the ‘golden triangle’
IN THE WORLD scotland EPSRC 2019)
TO PROVIDE
(alva 2018)
SCOTLAND is in the
UNIVERSAL companies scotland top 5 places to
2870
from outside has the highest live in the world,
EDUCATION of scotland percentage (22%) edinburgh
AS EARLY AS THE operate here of international boasts best
17TH CENTURY (business in scotland and eu students quality of life
report - Scot gov 2019) in the uk (Deutsche bank 2019)
and the award goes to...
SCOTLAND edinburgh! Top UK city for SCOTLAND
is the uk’s economic growth 2019 voted ‘most
largest (2019 vitality index - Lambert Smith Hampton)
beautiful
Glasgow and Edinburgh
financial scottish government’s are country in
powerhouse new initiative towards
gender balance
leading locations the world’
(rough guide 2019)
after London for tech companies
in the boardroom by 2020 (CBRE Tech Cities Report 2019)
3 unesco SCOTLAND office costs
creative has received over in scotland
3000 refugees
150
cities: up to london
40%
3
edinburgh and remains committed
of our destinations
(city of literature) to welcoming refugees
seeking sanctuary lower
worldwide dundee
universities
Scotland
flying from (city of design)
(Scot gov budget 2020/21)
than
scotland’s london
in the top 200 main airports Glasgow
(city of music)
times higher education world univesity rankings 2019/20)
#SCOTLANDISNOWWhy invest in Scotland?
GET IN TOUCH
WE’D LOVE TO WELCOME YOU
Scottish Development International has more than 30 www.sdi.co.uk
offices throughout the world, and our global team is
dedicated to helping you establish and grow your business investment@scotent.co.uk
in Scotland.
To find out why #SCOTLANDISNOW for your company +44 300 013 2734
or to experience Scotland for yourself, get in touch and we
will be happy to arrange this for you. www.linkedin.com/company/
scottish-development-international
NOW IS THE TIME TO INVEST IN SCOTLAND.
WE’D LOVE TO WELCOME YOU.
@ScotDevInt
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