The SNP Government’s inclusive, values-driven approach to attracting foreign direct investment (FDI) is paying off, including in Dalry.
At the 2022 World Forum for FDI in Edinburgh, Minister for Business, Trade, Tourism and Enterprise Ivan McKee MSP announced findings which show that inward investment is driving economic growth, as well as creating and protecting jobs across Scotland.
New figures show that thousands of Scottish jobs have been secured through inward investment over the past financial year; delivering a significant boost for the Scottish economy.
Statistics from Scottish Development International (SDI) reveal that more than 7,500 planned real-living-wage jobs have been created by inward investment projects in the 2021/2022 financial year, with almost 40 investors choosing to target Scotland for the first time.
For example, the SNP Government has shown leadership in tackling climate change and a clear commitment to net zero. As a result, many international companies are choosing to develop their innovative, low-carbon projects in Scotland with enterprise agency support.
In October, Dutch-headquartered global health and nutrition company Royal DSM announced that its groundbreaking feed additive Bovaer®, which reduces cattle-produced methane by at least 30%, will be globally manufactured at the firm’s site in Dalry – a move that will create and safeguard around 400 high-quality jobs in total.
Kenneth Gibson MSP said:
“We are of course seeing DSM - supported by £12 million of SNP Government investment through Scottish Enterprise invest heavily in Dalry, which is just one of many FDI success stories around Scotland. I want to see more companies investing in North Ayrshire, as we have plenty to offer and we need to create and sustain employment.
“Thanks to the bright minds across Scotland, supported and facilitated by an encouraging SNP Government, Scotland is doing well at attracting FDI.
“Last year, the EY Scotland Attractiveness Survey 2021 revealed that Scotland had bolstered its position as the UK’s most attractive FDI location outside London. It also showed a 6% FDI increase in Scotland over 2020 while across the UK, there had been a 13% decline over the same year.
“When the 2022 report comes out next month, I expect we will see a continuation of Scotland’s excellent position.”
Learn more about the World Forum for FDI here.