An FAI report makes the following points about Scotland’s growing pharmaceutical industry:
- worth £2.7 billion a year to the Scottish economy
- employs more than 5,000 people
- supports in total 16,500 FTE jobs
- total pharmaceutical exports increased 26% (2008-2013) against background of 15% in overall export growth
This looks like one more example of the reasons underlying Scotland unique in the UK trade surplus. See:
Scotland’s 2017 trade surplus grows as England’s deficit soars saddling the UK with ever more debt
Is Scotland being dragged under by London and the South’s massive trade deficit as the consequent debt mountain frustrates the Chancellor?
There is real cutting edge research into pharmaceuticals at Ninewells/Dundee University. The major international pharmaceutical companies provide significant levels of finance and other support, such as source chemicals of almost total purity.
Dundee has a few things going on – City of technology, Computer Games too