Why do business in Scotland?
Scotland is already known worldwide as the home of golf, whisky, glens and bagpipes. But it’s also a global hub for innovation and investment, collaboration and creativity.
Scotland is part of the UK, which remains the world’s fifth largest economy. It’s also ranked the seventh best place to do business globally, and the prime location in Europe for foreign direct investment (FDI). Within the UK, Scotland is second only to London in attracting FDI projects, according to the EY Scotland Attractiveness Survey 2017 – with China’s investments in 2016 the fifth largest of any country.
Setting up a business or moving operations here is cost effective. Corporation tax is lower in the UK than in any other G20 country, and Scotland offers competitive staffing costs and a low cost of living. Sterling’s fall against the Chinese yuan gives your business even greater purchasing power.
More than 2,300 foreign firms already have a base here. Isn’t it time you joined them?
A business is only ever as good as its people. Happily, Scotland boasts one of the best trained, most reliable and cost-competitive labour forces in the world. Six of Europe’s top 20 locations for labour quality and availability are in Scotland, and our geography lets your business bridge time zones between Asia and the Americas.
Be part of Scotland’s long tradition of discovery and invention. Moving your business here opens up a highly educated talent pool and connects you with world-leading research. Scotland’s education system has a reputation for excellence, and five of our universities consistently rank in the top 200 in the world.
Scotland is set up for modern businesses to thrive. Road, rail, shipping and air links carry goods and people swiftly and reliably, within and across our borders. Superfast broadband and 4G services serve most premises, connecting businesses instantly with the rest of the world. It all helps to keep productivity moving in the right direction.
Locating in Scotland opens the door to an enviable quality of life for your workforce. Cosmopolitan cities offer culture and entertainment, and the great outdoors is never very far away. Health care is free and schools are excellent. And short commutes mean there’s more time for work and play.
We can help your business to build trade links with Scotland, whatever your industry sector. Impartial advice from our trade advisers can help you to understand business practices in Scotland and make the most of the opportunities and support available here.