Scotland’s ‘golden opportunity’ to attract business is unmatched in the UK

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From the EY report on foreign direct investment (FDI) yesterday, the key findings are:

  1. A new record for FDI projects in 2017 for the third consecutive year with an increase of 7% compared to 2016
  2. Scotland secures its position as the most attractive location in the UK for R&D projects for a second consecutive year with an increase of 70% compared with 2016
  3. The digital sector experienced a 56% increase in FDI projects and was the second largest sector to attract investment into Scotland behind business services
  4. Manufacturing activity experienced a 25% increase of FDI in 2017 compared to 2016
  5. 2nd place ranking, behind London, as the most attractive place to invest in the UK
  6. FDI job creation increased by 104%, from 3,131 to 6,374

https://www.ey.com/uk/en/issues/business-environment/ey-scotland-attractiveness-survey-2018

This good news follows four reports in the last few days on the robust Scottish economy but somewhat neglected by our media:

Reporting Scotland serial offender as it misses good news on Scotland’s economy three times in one day!

and several other recent surveys telling a similar story:

Business confidence high across Scotland. 80% of Highlands and Islands businesses optimistic about future

Scottish business confidence higher than in any other region of UK

Scottish businesses more likely to be stable than those in rest of UK: News from a parallel universe unknown to our mainstream media

Scottish Government supports economy with new business rates unique in UK

Scottish business confidence soars above UK level as sales increase

Business growth in Scotland well ahead of UK average

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