Scotland in 2050: Realising Our Global Potential

Our 250th anniversary is an opportunity to look forward and build upon Scotland’s proud tradition of innovation, radical thought and international commerce, which flourished during the Scottish Enlightenment and continues to this day.

Recognising our unremitting focus on clients and the valuable contribution they make to the economy, we commissioned the University of Strathclyde’s Fraser of Allander Institute to undertake a major research project that will help Scottish businesses, organisations and entrepreneurs best position themselves for the future.

The report below is the result of a wide-ranging conversation with more than 100 Scottish business leaders, trade bodies, academics and representatives of private, public and third sectors through a series of sector-focused workshops held in Edinburgh, Glasgow and Aberdeen.

 

Scotland in 2050: Realising Our Global Potential

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Key findings:

 Scotland needs...

  • infrastructure, both physical and digital, that is fit for the future
  • an economy that harnesses and trades on knowledge
  • an ecosystem that nurtures and retains businesses of scale
  • an appropriately skilled workforce led by effective management/leadership teams
  • greater collaboration between academia and industry to commercialise innovation
  • a national strategy focusing resource and investment on activities with the greatest 
    growth potential
  • a more joined-up, collaborative approach to entering new markets
  • policy (at local, national and UK level) that is longer term in its objectives

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    Scotland in 2050: Realising Our Global Potential

    Our lawyers are privileged to work with clients who are leaders in their industries and sectors, in Scotland, the UK and abroad. We are currently supporting businesses in more than 100 jurisdictions, advising on specific projects, helping them expand their overseas operations or supporting them in entering new markets.

    Building on our unremitting focus on clients and the contribution they make to the economy, we have commissioned The University of Strathclyde’s Fraser of Allander Institute to undertake a major research project to help Scottish businesses, organisations and entrepreneurs best position themselves for the future. We have used fresh insights drawn from economic data and long-term global growth forecasts to inform a conversation with our clients and key industry contacts, which will help identify how they – and Scotland – can mitigate the challenges and seize the opportunities in the years ahead against the backdrop of a rapidly-evolving global economy.

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