90% growth in turnover in life sciences reveals strength in Scottish economy

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From Insider today:

‘Employment in Scotland’s life sciences sector increased by 20% over seven years, according to new figures published by the Scottish Government. That represents a 2.6% year-on-year increase, with turnover growing by 90% in the same period to reach £6.5 billion in 2017. This news puts the sector on track to exceed its strategic target of £8 billion by 2025. From 2010 to 2017, company turnover increased by 90% and gross value added (GVA) by 48%.  This represents a year-on-year growth of 9.6% for company turnover and 5.7% for GVA.’


Earlier reports here:

BBC Scotland expert misses positive economic trend as commercial property sales DOUBLE to exceed most of England

Number of Scottish businesses at record high.

Scotland’s labour productivity has increased

8% of the population far more of lots of other things but Scottish Government still not satisfied

Venture capital investments in Scotland up 36% in one year!

35% reduction in Scottish business insolvencies to much lower level than in rUK

Scotland strong without the oil as Treasury ‘spaffs revenues up wall’

Confidence in BBC Scotland business reporting further ‘evaporates’ as they misrepresent an already unrepresentative study

8% of the population 29% of food and drink exports: Scotland ‘dominant force behind UK international trade in agriculture and food products’

How Scotland Thrives – September 2019

Why does Fraser of Allander Institute lazily wrongly lump Scotland in with England’s tourism recession?

10 thoughts on “90% growth in turnover in life sciences reveals strength in Scottish economy”

    1. Sorry, that was overly dramatic, and has nothing to do with the article, which does indeed sound a good improvement. How can they say our economy is failing when so many parts of it are improving all the time?!


    1. The headline was THOUSANDS (plural)but the actual number was only 1300. I passed O Grade Arithmetic in 1964, but I think 1300 contains only one thousand.

      Liked by 1 person

    2. Tsk, no need for sarcasm.

      Remember the days, when you’d focus on the headline – that being the most influential part of a news report – this would be the first thing to point out. For sure, it’s better to counter-news the main thrust of the story as a way of giving people good info, I reckon, but still, it’s imperative we can still spot these things – otherwise we might start believing what,,, okay no, that’s rediculous.

      Liked by 1 person

      1. Oh. No no, I meant Alasdair was being sarcastic! Sorry, that didn’t read well at all. It was just an interesting thing to note!


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