Date Created: 01 June 2011
£52 million of Regional Selective Assistance (RSA) funding created or safeguarded over 7000 jobs in Scotland in 2010/2011.
The funding, managed by Scottish Enterprise, created over 1800 jobs compared a similar amount of funding the previous year.
114 offers were made to companies in support of investment projects with a planned capital expenditure of £234 million.
The 2010/2011 figures cover the first full financial year of Scottish Enterprise administering and directly awarding the grant, with RSA funding now part of the overall package of support that Scottish Enterprise offers to companies.
Crawford Gillies, chairman of Scottish Enterprise, said:
"I am delighted to see that more than half of our RSA support this year went to Scottish-owned companies. Integrating these grants with our wider package of company support has made it easier to target Scotland’s most ambitious companies, while at the same time helping to build a stronger, more globally competitive economy.
"RSA also continues to be a key way we attract new investment to Scotland. Choosing where to locate or expand operations is a hugely important decision for any company.
"Many businesses have options as to where they locate and competition with other countries and regions has never been fiercer. These results clearly demonstrate that Scotland continues to be a highly attractive and competitive location on the global stage."
Significant RSA funding in 2010/11 included:
- The largest offer of £7million was to HP Enterprise Services UK Ltd to set up an IT Services Hub in Erskine, creating over 700 jobs
- There was also support of £6.6million to Barclays Bank Plc to expand its investment banking and wealth management divisions in Glasgow, creating 600 new jobs
- As part of a wider package of public sector support, online retailer Amazon accepted an offer of £1.4million to support the creation of nearly 700 jobs and the safeguarding of 80 more, at its new fulfillment and distribution centre in Dunfermline, Fife
- In addition RSA funding has supported Amazon’s plans to create an additional 200 posts at its fulfillment centre in Gourock
Discover more about RSA funding and other financial support available to companies investing in Scotland