Friday, 3 May 2013

Scottish Enterprise to spend £1bn on boosting economy

Scottish Enterprise plans to spend more than £1 billion over the next three years to help boost Scotland's economy and meet a target of creating tens of thousands of jobs.

The publicly funded economic development agency intends to invest £336.4 million across 2013/14, £386.6m during the following 12 months and £297.9m in 2015/16.
The figure for the current year is up from the £302.1m indicated in the last business plan, with Scottish Enterprise saying the rise is due to additional funding being made available to deliver the Renewable Energy Investment fund.
The agency said the latest update has a dual focus on supporting more globally competitive companies and focusing on the growing sectors of Scotland's economy including energy, financial services, food and drink, engineering, tourism and digital media.
By 2015, it hopes to have delivered up to 35,000 jobs through attracting foreign investors to Scotland with up to 12,000 of those high value posts.
Lena Wilson, chief executive, said: "A significant part of our planning for the next three years involves building on the successes we've already achieved and enabling Scottish companies increasingly to see themselves as global players....READ MORE
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