Discover why the race for investment opportunity is on
By Councilor John Alexander Chair of the Scottish Cities Alliance
Innovation is key to Scotland’s past and present but it’s also what we’re building our future on.
The country’s innovative heritage can be seen all around you in items such as the television and telephone, right through to modern offerings such as the online flight finder Skyscanner and best-selling video game franchise Grand Theft Auto, which was created in my own city of Dundee.
Scotland’s cities and the Scottish Government together form the Scottish Cities Alliance which is a one-stop shop to offer investors compelling investment prospects from across the country.
As well its beautiful landscapes – Scotland was voted the most beautiful country in the world by Rough Guide readers – our passion for innovation is something that attracts many businesses to invest and locate in this country.
There are many reasons to invest in Scotland’s cities, from their excellent connectivity to their attractively low tax rates, a high quality of life, a highly skilled workforce and last, but certainly not least, that proud history of innovation on which Scottish cities are building their aspiration for inclusive economic growth.
Scotland is the most attractive region for investing in the UK after London according to E&Y’s annual Attractiveness Survey, and with ongoing interest from a wide range of international investors in the development opportunities offered by Scotland’s cities, it will remain a desirable destination for investment.
With more than $1.37 billion invested into the cities’ new infrastructure projects through City Deals, our seven cities are modern thriving destinations each with their own distinct personality and sectoral strengths – Aberdeen, Edinburgh, Glasgow, Inverness, Perth, Stirling and my own city, Dundee, which is undergoing a $1.37bn transformation on its Waterfront, with the centerpiece, the V&A Dundee Museum of Design opening this year.
Scotland presently has more than 5,100 international companies with giants in tech such as Skyscanner, FanDuel, Amazon, Sky, as well as start-ups such as Nucleus Financial, FreeAgent and Money Dashboard already taking advantage of the many benefits of locating in this data-driven economy.
And just like New York City, Smart City technology is transforming Scotland’s cities, enabling them to become more internationally competitive and boost economic growth. Working collaboratively as part of the Alliance, the cities have created a ground-breaking Smart Cities Scotland program which aims to make services across the cities become more efficient and greener. The “Smart” ambitions of Scotland’s cities will ensure that they become some of the most sustainable and desirable places to live, work and invest in the world.
Scotland’s seven thriving cities have world class investor-ready opportunities on offer. We invite you to join us on this exciting journey.