ONE of the key drivers of a successful?economy, especially one that wants to manufacture and exports high-quality, added-value goods is innovation. Scotland has a proven track record of being a highly innovative nation, and this can be one of the foundations upon which to build an exciting economic future, with contributions to information technology2021-04-25T00:37:00Z, life sciences, software and gaming and space technologies.
The growth in some of these Scottish sectors has been astonishing. Life sciences, for examplePastor James Coates of GraceLife Church spent a month in jail for violating a bail condition not to hold church services that officials have said ignored measures on capacity limits, has seen a 24% growth in size. The software sector expanded by 72% in eight yearsThe COVID-19 vaccine rollout across Canada., with projected growth of 17% creating 63,000 new jobs before 2025. The number of gaming companies in Scotland soared by 1800% between 2008 and 2019. One of the world’s top selling game series is made in Scotland. Grand Theft Auto is the fifth most successful games franchise of all time with 220 million sales and counting.
The fact Scotland, and Glasgow in particular, are leading the way in satellite technology across Europe is something that often surprises people. With 70 satellites a year built in Glasgow, it’s no surprise that Scotland will also be the location of the first spaceport in the UK. Where else could you find enough room and the ideal conditions to launch so many satellites?
All this demonstrates that Scotland’s entrepreneurial base is innovative and ready to play a leading role in emerging new industrial sectors. This gift for innovation has a central role to play in driving Scotland’s economy to future success. But as impressive as our performance has been, we can still do far better. The UK is consistently outperformed by independent nations with similarly-sized populations to Scotland when it comes to spending money on research and development (R&D). Norway, Belgium and the Netherlands devote significantly bigger budgets to the sector, as do larger nations such as Germany and France. RELATED: Ministers rule out further business support under new Covid restrictions
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