Our director of international operations welcomes the news that as new arrivals from China, USA and England unveil their Scottish plans, it appears that no amount of uncertainty can undermine Scotland’s attractiveness.
The world economic and political outlook might be far from settled at the moment, but judging by recent votes of confidence, one thing is for sure. Scotland remains a secure bet for companies taking a hard look at the fundamentals.
Springboard to Europe
Dexcom, a leader in medical technology in the field of diabetes, chose World Diabetes Day to open its HQ for Europe, the Middle East and Africa in Edinburgh. This San Diego company will manage all its commercial, operational, technical support and R&D operations in Europe from here. It's a move that's absolutely key to their international growth.
John Lister, general manager EMEA at Dexcom revealed the thinking behind the move: “We feel there’s a good cultural match between Dexcom and Scotland’s reputation for innovation, especially here in Edinburgh, with its skilled and experienced workforce."
Another American company is also laying down European roots. Phoenix telesales and marketing solutions specialists, Televerde, also homed in on Scotland's talented workforce with their move across the Atlantic.
They chose Glasgow for its European headquarters and contact centre, based on the availability of multilingual talent, as well as its proximity to the US and continental Europe.
James Hooker, Chief Executive Officer of Televerde said:"European companies are aggressively expanding their marketing technology and sales development resources. We believe we are expanding our presence in Europe at an important time when we can not only help companies expand across Europe, but also help European companies enter the Americas.
"The team we have initially built in Glasgow is extremely impressive and we look forward to continuing our expansion and building out our team."
Ready for take-off
Arrival number three is Manchester-based Chevron Aircraft Maintenance. They will establish a centre for aircraft engineering, maintenance and training at Glasgow Prestwick Airport. The airport provides a large, bespoke space for Chevron’s increased line maintenance support operations. It’s already home to a cluster of key players in the aerospace industry. What's more, Chevron will have access to a pool of highly skilled and qualified workers, as well as an established programme of training support provided by local universities and further education colleges.
An arrival from the other side of the world is looking particularly at the potential of Scotland’s offshore wind energy industry. Red Rock, a subsidiary of China’s State Development & Investment Corporation (SDIC) will use its new base in Edinburgh to plan further investment in Scotland and build on their existing offshore wind projects.
SDIC’s investment not only reinforces the global potential of our renewables sector, but also how attractive Scotland is to overseas investors. We've a well developed business ecosystem, competitive environment and world class skills base, which has helped us become the top performing location for inward investment in the UK outside of London.
A further point in Scotland’s favour has come with the publication of the PWC/World Bank joint report that shows the UK rising five places into the global top ten for tax friendliness. This makes us the only G20 nation in that elite group, a positive judgement on the tax burden and ease of doing business here.
Whatever draws you to Scotland, you'll find the common thread that binds our reputation is that we are a truly connected location - to skills, to markets and, ultimately, success.
Can we help?
Companies settling in Scotland don’t have to go it alone. Far from it. The SDI team is here from first contact to assist in any way possible. Grants and funds, tax breaks and training help, locations and connections, all levers that can be pulled to make your investment work.
If you want to find out more, just ask. We have offices across the world with specialists in all the major industrial sectors. Or channel your query to us below.
Contact us to find out more