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Economic Research alert – October 2022


This paper provides an overview of research in the public domain with a focus on the priorities from the Scottish Enterprise Business Plan (jobs, net zero, place) – there is also a section on general business surveys.


The methodology consisted of desk research.


Jobs – The renewable energy sector supported over £5.6 billion of output, over £2.5 billion of GVA and over 27,000 FTE jobs across the Scottish economy suggests the Fraser of Allander Institute. Demand for technology professionals in Scotland increased by more than 200% over the last 12 months, according to the latest UK Tech Talent Tracker from Accenture. Net zero - One in seven drivers want an electric vehicle (EV) as their next car and one in three want a hybrid model but the cost of living crisis is delaying the move. The future holds no “single solution” to meet the net-zero energy demand and the industry needs to be more “entrepreneurial” to capture the opportunity suggests a new report from the Net Zero Technology Centre. Place – 74% of businesses in the Northeast plan to increase prices in the next three months. This is 12% ahead of the rest of the UK (62%), and is being driven by high energy bills, increasing labour costs and fuel. A study by Virgin Money has ranked Edinburgh and Aberdeen amongst the best UK cites for start-ups. Other business - A survey of more than 2,200 UK SME exporters has revealed a worrying decline in export growth following five consecutive quarters of flat activity. More SME exporters are now reporting falling overseas sales (28%) than are reporting an increase (22%). 95% of businesses that took part in the latest South of Scotland Business panel said that rising costs were impacting their operations.


The report makes no recommendations.

Author Scottish Enterprise
Published Year 2022
Report Type Research
  • Business infrastructure
    Supporting key sectors
  • Sectors
    Digital markets and enabling technologies, Energy
  • Internationalisation