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Article published 01/03/2022

Over 70 actions across five key themes published

A new National Strategy for Economic Transformation, underpinned by detailed analysis of Scotland’s economic strengths and challenges, has been published.

The strategy contains over 70 actions across five key priority programmes that have been identified as having the greatest potential to deliver economic growth that significantly outperforms the last decade within the current constitutional arrangements.

Investment will be prioritised in entrepreneurialism, skills and retraining and the development of new markets and opportunities, particularly in the Just Transition to net zero.

Economy Secretary Kate Forbes says it provides renewed clarity on Scotland’s economic vision and a relentless focus on delivery in order to improve economic productivity, accelerate growth and ensure work provides a genuine route out of poverty through better quality jobs and higher wages.

A sixth programme marks a step-change in the way the Scottish Government and business listen to, support and work with each other in this national endeavour to transform the economy.

Shaped by the Advisory Council and extensive engagement with stakeholders, this will enable government, business and key partners to work together to create a more prosperous, more productive and more internationally competitive economy.

The Economy Secretary launched the Strategy at the Michelin Scotland Innovation Parc in Dundee, a location which embodies the potential transformation that can be realised by bringing the six key programmes of action together.

Further information

A summary version of the Strategy has been produced as well as an evidence paper which considers the structure and performance of the economy.

You can watch a video about the aims of the Strategy.

The Strategy was launched by Finance and Economy Secretary Kate Forbes at Michelin Scotland Innovation Parc in Dundee. Read the full speech. 

Read the news release.

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