Expanding your business
Scotland is home to 5 higher education institutes ranking in the global top 200. Set up and operating costs are low, with property and salary costs up to 40% lower than London.
There’s great potential for growth in sectors including aerospace, financial services and life sciences. 25% of Europe’s offshore wind and tidal resource is in Scotland. Renewables offer billions of GBP of opportunities with government support.
Buying goods and services
Exports of chemicals from Scotland averaged 4 billion GBP over the last five years. There are more than 500 contact centres and global business services companies. The digital media sector is at the forefront of innovation in applications, music, TV, publishing and games.
Strategic markets: property, tourism and leisure
Demand keeps growing for grade A offices in Scotland’s main cities. Glasgow city centre experienced a record year for the office investment market in 2017 with over 460 million GBP transacted.
The private rented sector has doubled in size over the last 15 years in Scotland. Strong demand, constrained supply and limited pipeline are expected to stimulate rental value growth of between 2% and 4% per annum.
Tourism and leisure
Edinburgh has one of the highest hotel occupancy rates in Europe and is the second most visited tourist destination in the UK after London. Glasgow’s SSE Hydro entertainment venue is the third busiest in the world for its size. The Royal Conservatoire of Scotland in Glasgow is the third best performing arts institute in the world.
Success snapshot: life sciences
The Queen Elizabeth University Hospital in Glasgow is the largest acute hospital in Western Europe. It’s home to the Imaging Centre of Excellence with the UK’s first ultra-high field 7 Tesla MRI scanner.
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Our teams are located in UK embassies, high commissions and consulates in cities around the world.