Scottish Enterprise plays a catalytic role in contributing to the Government’s overall target of raising GDP to the UK level by 2011 alongside private and public sector partners.
The measurement of overall economic impact is complex, given both the long-term nature of what is involved and the significant contributions often made by partners and customers. We use a variety of techniques to allow judgements to be made about the contribution we make. They include in year measures of progress, benchmarking, evaluation, modelling, and customer surveys.
In 2009/10, we met or exceeded all of our performance targets. The tables below present the forecast range and actual performance for 2009/10, together with the actual performance from 2008/09 where applicable.
Outcomes
| £930m |
Turnover growth by businesses supported (through account managed activities)Description: The change in turnover of active account managed businesses between 2008/09 and 2009/10. Commentary: The reduced forecast range reflected the economic conditions at the start of the year. Nevertheless, the actual outturn was within range and expectations for next year show a significant increase. |
£300m - £600m |
£376m |
| 1,807 |
Planned jobs through inward investment (of which at least 1,600 will be high value)Description: Planned jobs of a high value nature secured for Scotland from inward investment, of which 144 were recorded in Highlands & Islands. Commentary: A good performance from businesses in various industries, including Life Sciences and Chemical Sciences, ensured that the forecast range was achieved. |
1,600 – 2,400 |
2,111 |
Outputs
| New measure |
Number of companies showing improvement:Innovation: Number of new products/services/processes implemented (and forecast revenues as a result). Description: The number of new products/services/processes delivered during the year. |
200 – 300 |
264 |
| New measure |
Business efficiency: Number of projects resulting in a business benefit (productivity improvement and/or emissions reduction as a result) Description: The number of projects delivered during the year.
- of which 14 were delivered by SMAS in Highlands and Islands Commentary: The strong results suggest that businesses are not only focusing on making efficiency savings in the current economic climate but also continue to create innovation across their activities. |
200 – 300 |
359 |
| 17 |
Number of high growth start ups (including spin outs) with potential to reach £5m value in 3 yearsDescription: Businesses participating in the High Growth Start Up Unit and other major spin-out ventures generated through other projects. Commentary: This was a good result given the continued slowing or lack of private investment during the year which made achieving a target similar to that for 2008/09 particularly challenging. |
17 - 25 |
17 |
| £103 million |
Investment in business R&D resulting from SE R&D grant/SMARTDescription: Increased investment in business R&D as demonstrated by the value of projects for which a Scottish Enterprise R&D grant or SMART grant was offered and accepted during the year. The appraisal of SMART grants was transferred into SE from October 2009; since then SMART grants, which are paid or payable by the Scottish Government, contributed £5m to the total £82m achieved for the year. Commentary: An ongoing focus on innovation delivered an encouragingly strong performance during the year against a target level which was set at a comparable level to the previous year despite economic conditions. |
£60m - £70m |
£82m |
| 1:2.6 |
Investment leverage in physical infrastructure resulting from high impact projectsDescription: Private and public sector investment on infrastructure projects levered as a result of Scottish Enterprise investment. Commentary: The leverage achieved was just above the top of the forecast range reflecting a good result across the range of relevant infrastructure projects. |
1:2 to 1:2.5 |
1:2.7 |
Activities
| New measure |
Number of growth businesses supported: Number of businesses assisted to internationaliseDescription: The number of businesses assisted to participate internationally.
- of which 100 were assisted in Highlands and Islands |
600-700 |
909 |
| New measure |
Number of businesses assisted to innovateDescription: The number of businesses assisted towards achieving at least one new product, service, process or business model. |
700-800 |
924 |
| New measure |
Number of businesses assisted to improve efficiencyDescription: The number of businesses assisted towards achieving outputs from improved efficiency, waste reduction, process improvement and other similar activities.
- of which 33 were assisted by SMAS in Highlands and Islands Commentary: Focus on the three themes above has produced strong results above the top of the target ranges for the year. It is encouraging that a good number of businesses strive to develop different aspects of their activities despite difficult trading conditions. |
700-800 |
847 |
| 1:2.2 |
Leverage resulting from SE Investment fundsDescription: Third party investment leverage ratio from investment deals completed by the Scottish Co-Investment Fund, Scottish Venture Fund and Scottish Seed Fund. Commentary: This continues to demonstrate the effectiveness of the co-investment approach which shares risk and encourages the development of the risk capital funding market infrastructure. We have also continued to respond to increased demand for risk capital investment as a result of the current economic climate. |
1:2 to 1:3 |
1:2.1 |