Scotland’s marine economy predicted to grow by 7 times

scotmarine

From Energy Voice yesterday:

‘A new report has forecasted that Scotland’s marine economy will grow seven-fold to be worth £5billion by 2035 if it can successfully develop key industries. The document, produced by Highlands and Islands Enterprise (HIE), sets out “enormous potential” for developing wave and tidal energy, aquaculture and marine biotechnology in the region.’

Within the report we read:

‘The research sets out that the region is the world’s third largest salmon producer, with the industry in Scotland seeking to double the value of production to £3.6bn by 2030. Meanwhile wave and tidal energy could be worth up to £800m to the UK by 2035, with a quarter of Europe’s potential tidal stream energy based in Scotland.’

https://www.energyvoice.com/otherenergy/194457/scotlands-marine-economy-forecasted-to-be-worth-5bn-by-2035/

Earlier reports on Scotland’s marine economy reinforce the above optimism:

As Scottish Tourism soars, Outer Hebrides to become major centre of marine tourism with funds mostly from SNP-led Scottish government

Scotland’s European Marine Energy Centre (EMEC) to be test centre for 3 out of 6 new EU-funded offshore renewable energy projects as our expertise begins to earn billions

Are the Pentland Firth waters the ‘Saudi Arabia of marine power?’

With only 8% of the population, Scotland’s maritime sector accounts for 25% of the UK maritime sector’s (GVA) contribution to the economy and is 17.5% more productive than the UK marine oil and gas sector. Once more, too wee, too poor?

Scottish Association for Marine Science to lead seaweed research to benefit developing nations

‘Oban set to become marine tourism hub’

Finally, for a comprehensive statistical account, see this:

https://www.gov.scot/publications/marine-protected-area-network-2018-report-scottish-parliament/pages/4/

 

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4 thoughts on “Scotland’s marine economy predicted to grow by 7 times

  1. Alasdair Macdonald March 10, 2019 / 12:59 pm

    Anent what you say about the world’s third largest producer of salmon, what are the odds of BBC Scotland, and the rest of Nomedia producing a raft of scare stories on contamination, lice, and other disease amongst farmed salmon?

    Liked by 1 person

    • Legerwood March 10, 2019 / 2:29 pm

      It has to be said, however, that Norwegian Companies own a large chunk of the Salmon Farming industry in Scotland.

      From the Guardian, Feb 2019:
      “”Norwegian firms dominate the global salmon farming industry, with Mowi the largest of those worldwide and the largest operator in Scotland. Scottish Sea Farms, a joint venture between the Norwegian firms Salmar and Leroy Seafood, and Grieg Seafood are also majority Norwegian-owned.””

      I think Mowi used to be Marine Harvest.

      Liked by 1 person

    • Terence Callachan March 10, 2019 / 3:38 pm

      So oil and gas is worth 1631 BILLION pounds and the rest is worth 2 BILLION pounds
      Just goes to show how much that oil and gas is worth
      Also shows why England tell us over and over again that it’s worthless
      Scotland’s budget from England is only 33 BILLION a year
      Proportionally the oil and gas in the pie chart should be the whole pie except for a space about the size of the fishes tail

      Liked by 1 person

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