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Insider UK
Insider UK
National
John Glover

Scottish Government set to unveil long-awaited National Economic Strategy

Finance Secretary Kate Forbes has confirmed she will publish the delayed 10-year National Economic Strategy today, hailing it as a “step-change” in Scotland’s economic approach.

It will be published after months of deliberations with business, academics and trade unions, with one of the key announcements coming in the form of an investor panel, led by the First Minister.

The Scottish Government also confirmed that it would include a detailed economic analysis and a plan for delivering the decade-long strategy.

Forbes said: “The National Strategy for Economic Transformation offers renewed clarity of our vision for Scotland, with a ruthless focus on delivery.

“We’ve consulted with business, academia, trade unions and more to develop this strategy and it will be a collective national endeavour over the next decade to shift the dial on our economy into becoming fairer, wealthier, and greener.

“We’re still feeling the impacts of Brexit and we know that international investment will be key to mitigating these effects and growing our economy.

“This strategy marks a step change in how we approach the economy and it will help us to deliver the best economic performance possible for Scotland within the current constitutional constraints - we want Scotland to be a more resilient and more entrepreneurial economy.

“As we look beyond the pandemic we must be ready to seize the economic opportunities that come with achieving net zero and becoming a fairer country.”

Last month, Forbes explained the strategy will evolve around five aims and objectives, which will see all enterprise agencies, public bodies and herself held to account if they are not met.

She hopes this will change the way agencies, like Scottish Enterprise or Highlands and Islands Enterprise, operate.

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