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Highlands & Islands. Regional Summary 14 December 2010. Population & Employment. 447,043 inhabitants 83,000 on Islands 11 per sq.km (all H&I) 8 per sq.km (outside Inverness) Population is aging 65+ projected to rise 16-24 falling Employment is lower value add sectors Primary industries
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Highlands & Islands Regional Summary 14 December 2010
Population & Employment • 447,043 inhabitants • 83,000 on Islands • 11 per sq.km (all H&I) • 8 per sq.km (outside Inverness) • Population is aging • 65+ projected to rise • 16-24 falling • Employment is lower value add sectors • Primary industries • Tourism • Public sector
Policy & Influence of Government • Government Economic Strategy 2007 • Strong focus on economic growth • Gov.t support directly linked to GVA ‘return’ • Targeting resources in six areas • Food and Drink Creative Industries • Life Sciences Financial & Business Serv. • Tourism (Renewable) Energy • Role of Government is significant • Special projects (Dounreay etc) • Rural Agencies Public Admin • Armed forces
Entrepreneurship • Global Entrepreneurship Monitor (GEM) • H&I performing well … • Rural area • ... Separate research notes • ‘under-employment’ • Lower paid jobs • a deterioration in TEA over time
Exports & Internationalisation Exports Internationalisation Challenges Dominance of low exporting sectors Constrained Logistics Road, Rail Air, Sea Higher cost, longer time Power distribution infrastructure Lack of HQ’s Risk of Corporate Restructuring Reduction in Government Spending Multiplier impact on other tradeable sectors • Confidentiality prevents clear data being published • ~£1.3bn p.a. • From 700 firms • 50% to EU • Primary Production & Construction high • 81% vs 72% in all Scotland • Business services low • 19% vs 28% in all Scotland • Food & Drink most significant • Whisky!