Magazine article Management Today

Special Report Relocation: Scotland

Magazine article Management Today

Special Report Relocation: Scotland

Article excerpt

Economy

Scotland has a long history of engineering and is home to more than 170 aerospace and defence companies, employing some 16,000. It has about 30% of the UK's output in shipbuilding, and naval shipbuilding activity has increased significantly on MoD and export orders. Glasgow is a leading centre for commercial ship management. The chemical sciences sector has a turnover close to pounds 9.3bn, supporting about 70,000 jobs, while the financial services industry, centred in Edinburgh, contributes pounds 7bn or so to Scottish GDP. Scotland is home to the second-largest life-science cluster in the UK, while a new pounds 25m Advanced Forming Research Centre at Inchinnan, near Glasgow Airport, will help to develop technologies for the aerospace, energy and car industries. The centre will work with some of the world's biggest engineering companies, including Boeing and Rolls-Royce.

Infrastructure

The Scottish Parliament has control over most elements of transport policy within the country. Transport Scotland is helping to deliver a pounds 3bn capital investment programme over the next decade, overseeing trunk roads and rail networks. Only 29% of the rail network in Scotland is electrified, compared to 40% across Britain as a whole. However, an Edinburgh Tram Network should enter operation in 2011, and a new Forth crossing is planned by 2016 at a cost of pounds 1.7bn to pounds 2.3bn. A controversial extension to the M74 motorway through the southside of Glasgow is also due for completion by 2011. Scotland has four international airports with scheduled services, operating to Europe, North America and Asia, as well as England and Wales.

Workforce

The Scottish education system has always remained distinct, with a greater emphasis on a broad education. Scotland has 14 universities, several of them rated among the best in the UK, five specialist higher-education institutions and 43 further-education colleges. A recent Edinburgh University study showed that, in terms of value, the top eight Scottish universities outperformed their Ivy League counterparts: for every dollars 150m of sponsored research, US universities produced 33 patents, whereas the Scottish produced 51.

Biggest employers

Selex, Thales, Raytheon, BAE Systems, GE, Goodrich, Rolls-Royce, Honeywell, Ineos, BASF, GlaxoSmithKline, Syngenta, Johnson & Johnson, Wyeth, Schering-Plough, Millipore, ClinTec.

Quality of life

Scotland rates highly in terms of quality and affordability of housing and public services, while crime and congestion are low. …

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