The Scottish Council for Development & Industry (SCDI) is an independent and inclusive economic development network which seeks to influence and inspire Government and key stakeholders with our ambitious vision to create sustainable economic growth for Scotland. SCDI's diverse and influential membership forms a gathering of knowledge, experience and talent which provides a dynamic and creative force for change.

Following a high-level briefing exclusively received on Friday 30 June from the Fraser of Allander Institute (FAI), the inclusive economic development network SCDI has jointly launched a plan with FAI to bring forward a strategic response to the challenges outlined. SCDI will convene an informed and focussed response from its membership and wider civic Scotland, drawn from across the public, private and social economy sectors.

The data presented by Fraser of Allander confirmed that whilst many changes in the country's fortunes have been positive, many significant high-level challenges remain, including:

  • Scottish economic growth has stagnated in 2016
  • the number of Scots who are economically inactive has risen by 60,000
  • the rise in GDP/head over the decade to 2016 has been 1.2%, whilst the equivalent rise between 1999 and 2006 was 17%.

SCDI believes that a cross-sectoral and strategic approach is required to address these weaknesses in the Scottish economy, and it will be formulating a strategic response through its membership and more widely - including at its autumn policy conference in October. The event was attended by a cross-section of SCDI's senior membership, from sectors including banking, legal, further and higher education, construction and food and drink. 

Mark Bevan, Chief Executive, SCDI commented: "However you cut the data, the Scottish economy is not growing at a strong rate. The global picture has been challenging and Scotland has grappled for years with long-term issues around deindustrialisation and productivity levels that lag behind our developed counterparts.

"We have significant strengths but the challenges faced by our economy have been numerous and unprecedented. This has created one of the most difficult environments for growth to occur. We must however face the reality that this is 'the new normal' and work together to identify what we can, and should, do to put the economy to work for everyone in Scotland.

"SCDI ... (Read more)