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Scottish Enterprise Annual Review for 2012-2013

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Economic figures confirm the Scottish economy is gaining growth momentum

See some of our key achievements in 2012-2013
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"The 2000 companies we worked with most intensively reported a combined sales increase of £1 billion last year"

Our relentless focus on growth companies, growth sectors and growth markets is undoubtedly delivering results - the 2000 companies we worked with most intensively reported a combined sales increase of £1 billion last year and they are demonstrating increased levels of business confidence and optimism.

We’ve also had a record year of supporting more Scottish companies than ever before into new overseas markets, working with over 2,000 companies to develop their international business.

This included working with 229 companies on high value international projects that are expected to lead to an increase in export sales of £818 million over the next three years.

"It has never been more important to focus our efforts on growing globally competitive Scottish businesses"

After such a prolonged period of low economic growth, it has never been more important to focus our efforts on growing globally competitive Scottish businesses in globally competitive sectors that can compete in a globally competitive marketplace.

But we know that access to finance remains a key challenge for Scottish businesses, and that’s why our Scottish Investment Bank has provided £32 million of equity finance and our financial readiness advisers have worked with 460 businesses to make sure they are in the best possible shape to attract the investment  funding they need to grow.

And though Regional Selective Assistance for example we’ve awarded more than £43 million to around 120 Scottish-based businesses in the last financial year to help support up to £215 million of capital investment by the companies themselves.  This investment alone helped secure more than 4,700 jobs for Scotland.

According to analysis by the Centre for Economics and Business Research, Scotland's economy is tipped to grow by the healthiest rate since 2007 to reach 2.2% in 2014.

A look at the Scottish economy and what the future holds
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Scotland's economy

With five successive quarters of GDP growth, improving labour market conditions and recent business surveys indicating the Scottish economy is gaining momentum, 2014 is tipped to deliver Scotland's healthiest growth rate since 2007.

In this video our economics director Kenny Richmond talking about what's ahead and how Scottish businesses can capture a share of the action.

Business Plan 2013 to 2016