Economic Action Plan 2019-20
Summary of headline actions
Our National Infrastructure Mission will increase Scotland’s annual infrastructure investment
Our Infrastructure Investment Plan will focus on three core long-term outcomes of inclusive economic growth, tackling the global climate emergency, and building sustainable places.
Conclude delivery of our Digital Scotland Superfast Broadband (DSSB) Programme
Complete procurement for the Reaching 100% (R100) programme
New 4G masts in remote rural areas and a new 5G strategy
Over £3.3 billion to deliver at least 50,000 affordable homes, of which 35,000 will be for social rent, over this parliamentary term
Enhancing Scotland’s decommissioning capability through the Decommissioning Challenge Fund
Significantly reducing or abolishing business rates for 100,000 premises
Provide significant funding each year to Scottish Enterprise, Highlands and Islands Enterprise and South of Scotland Enterprise agency to secure sustainable and inclusive growth across all of Scotland
A single, online point of entry for business support – enabling businesses to rapidly navigate support and speed up decision making on eligibility-based support such as grants
The Scottish National Investment Bank to be operational in 2020 and investing £2 billion over 10 years in businesses and communities
Underwriting the future of aluminium production in Scotland, investing in the future of commercial shipbuilding and supporting the Scottish steel sector
Working in partnership through the Financial Services Advisory Board (FiSAB) to maintain and grow Scotland’s financial services sector and supporting sector-led initiatives such as the Global Ethical Finance Initiative (GEFI) and the proposed Global Open Finance Centre of Excellence
Continued support for Co-operative Development Scotland, the arm of Scotland’s enterprise agencies that supports company growth through collaborative and employee ownership business models.
We have established a 10 year National Social Enterprise Strategy and continue to support social enterprises through national programmes like Just Enterprise and the Social Entrepreneurs Fund
Develop and launch a new Credit Unions strategy supported by a £10 million credit union investment fund (CUIF)
£20 million over 3 years to support our new plan ‘A trading nation: our plan for growing Scotland’s exports’
A new Food and Drink 5-Year Export Plan
We now have a network of offices in 30 locations in 19 countries to drive trade and investment in Scotland
We will revamp GlobalScots and engage Scotland’s wider network of diaspora, alumni and friends globally to promote Scotland
Our new Invest in Scotland Prospectus will target key markets and sectors with positive reasons to invest in Scotland
Deliver a Stay in Scotland campaign to provide information, advice and support to EU citizens
Continue to argue for powers over migration policy to be devolved to the Scottish Parliament
Established a Ministerial Task Force to address our population concerns and work with local government and partners to harness opportunities for change.
From 2018 over a period of 3 years we will provide £110m in grant support for business research and development (R&D)
Optimise and recalibrate partnership with Industry Leadership Groups
Establishing the National Manufacturing Institute for Scotland and targeting up to £18 million of European funding to establish an Advanced Manufacturing Challenge Fund
A new £56 million Medicines Manufacturing Innovation Centre will put Scotland at the forefront of pharmaceutical and fine chemical manufacturing
£4.2m to build on our strengths in precision medicine
The new Northern Innovation Hub is driving innovation across the Inverness City Region
Moving to extend designation of Scotland’s Enterprise Areas to 2022
Boosting NHS collaboration with industry to deliver innovation and better outcomes for patients
Enhancing the CAN DO Innovation Challenge Fund and launching an open innovation portal that will deliver easy access for business to public sector innovation challenge opportunities across Scotland
Delivering ‘Procurement Innovation Partnerships’ which will streamline how the Scottish public sector and business collaborate on the procurement and dissemination of innovation.
Providing £16.1 million to deliver intensive employability support for low income parents to access and progress in employment, supporting them to address barriers and upskill.
Our employment support service – Fair Start Scotland – is designed to give individualised support to 38,000 individuals furthest removed from the labour market.
Supporting those affected by redundancy through the Partnership Action for Continuing Employment (PACE).
We are delivering a refreshed narrative for Scotland’s curriculum with a strong emphasis on skills for life, learning and work.
We are investing £750 million during this Parliament to tackle the attainment gap and ensure every child has an equal chance to succeed.
We continue to deliver the Developing the Young Workforce (DYW) Programme, Learner Journey Review and STEM (Science, Technology, Engineering and Maths) Education and Training Strategy.
Funding of over £600m in 2019-20 to deliver at least 116,000 full-time equivalent college places
Investing £214 million in Skills Development Scotland
30,000 Apprenticeships by 2020, developing the Apprenticeship pathway through Foundation, Modern, and Graduate Apprenticeships.
We are developing a Global climate emergency Skills Action Plan
Establishing a National Retraining Partnership
A third year of the Flexible Workforce Development, and increasing its funding in 20/21
Creating a food and drink academy
We will deliver City Region Deals for all our cities and have already committed investment of up to £1.125 billion over the next 10-20 years for City Region Deals across Scotland
Supporting development of Regional Economic Partnerships across Scotland out of the City Region and Growth Deal experience
Delivery of a new enterprise agency for the South of Scotland
A new generation of Business Improvement Districts (BIDs) will develop more inclusive and energetic partnerships to increase impact.
Developing a compelling investor prospectus for the Clyde and identifying further opportunities for business growth and jobs
We will ensure that the planning system develops to support inclusive economic growth and delivers for investors and communities
Stimulating inclusive growth through the Regeneration Capital Grant Fund and the Vacant and Derelict Land Fund
Provide investment for commercial projects through our SPRUCE investment loan fund
Showcasing Scotland’s coasts and waters for sustainable growth and inclusive participation
Developing Regional Marine Plans
A new, world-leading approach to management of our sea fisheries
Continued to support the sustainable growth of the aquaculture sector
The Child Poverty (Scotland) Act 2017 sets out our ambition for reducing and ultimately eradicating child poverty
Spend on early learning and childcare will more than double to reach nearly £1 billion a year by 2021-22
£750 million over this Parliament to tackle the poverty-related attainment gap
We will deliver on the actions from our Fair Work Action Plan, our Future Skills Action Plan and Skills Action Plan for Rural Scotland
We are applying fair work criteria from the Scottish Business Pledge to grants, other funding streams and public contracts
Push the UK Government to recognise the action that is needed to protect Scotland’s prosperity and wellbeing with a differentiated migration policy tailored to Scotland’s needs
A Route Map on an Energy Efficient Scotland, that will lead to over £10 billion of activity to retrofit existing homes and buildings throughout all parts of Scotland
50% of Scotland’s energy needs met by renewables by 2030
Over £40m support to innovation in wave and tidal technologies
Deliver the Green Investment Portfolio
Investing £17 million to expand Scotland’s electric vehicle (EV) charging network
Investing £2 Million to expand zero carbon mobility