To expand Scotland's areas of international comparative advantage, the Government Economic Strategy devotes particular policy attention to building critical mass in a number of key sectors with high growth potential and the capacity to boost productivity.
Sectors have the potential to make a significant contribution to increasing sustainable economic growth where:
- Scotland has distinctive capabilities and businesses with the potential to be internationally successful in areas of global demand.
- They currently account for a significant part of the Scottish economy and reflect the contribution of all areas of Scotland.
- Government intervention can make a significant difference to future success by facilitating or accelerating development in areas where the market alone cannot deliver the best outcome.
A series of reports are being produced that describe the composition and performance of each of the key sectors of the Scottish economy. The reports also summarise key policy interventions plus known challenges and opportunities facing the key sectors.
- Creative Industries
- Energy
- Financial and Business Services
- Food and Drink
- Life Sciences
- Tourism
- Universities
The Scottish Government is also seeking to take advantage of the opportunities presented by Scotland's strengths and opportunities in public sector dominated industries, including: