Increase in: • Business revenues • Employment • Productivity Reduction in: • Business costs • CO2 emissions Key sector growth opportunities achieved. Progress with major projects (performance monitoring). Companies helped to raise their growth via: • Internationalisation • Innovation • Leadership &
Strategy
• Investment & Grants • Business Efficiency New inward investment projects secured. Business infrastruc- ture utilised. Risk capital supplied/ leveraged. Key oppor- tunities relating to Low Carbon achieved.
Helping businesses grow, through:
• Improved strategy & leadership
• Innovation • Internationalisation • Investment • Business efficiency
System Level Activities: • Supply of Investment
capital
• Commercialisation • Infrastructure
development
• Transition to a low carbon economy
Capacity Building: • Industry Leadership • Talent attraction
• Market Intelligence & Foresighting • Networks, connections, and learning
journeys
• Knowledge generation, exchange and application
• Collaborations & partnerships Renewables: Delivering N-RIF, ITREZ, with action to build the supply chain, attract investment and stimulate innovation. International Trade & Investment: Addressing Scotland’s key opportunities in global markets, by increasing exports and inward investment. Growth Companies: Working intensively with companies that have disproportionate potential for growth and impact. Innovation: Realising global competitive advantage in our key sectors by addressing an important driver of productivity and growth. The transition to a low carbon economy: Addressing the economic development opportunity and challenge, across all aspects of SE’s operations.
GLOBALLY COMPETITIVE COMPANIES
Increase company growth, by addressing key drivers like exports and innovation Support companies to
develop world class leadership
GLOBALLY COMPETITIVE SECTORS
Identify and address major opportunities in our key sectors
Help industry grow by taking advantage of these
GLOBALLY COMPETITIVE BUSINESS ENVIRONMENT
Help develop appropriate business infrastructure Work with partners to increase risk capital
MILESTONES MEASURES
Priority 1: RENEWABLES Develop a globally competitive offshore renewables (wind and marine) sector in Scotland by 2015.
Delivering significant new investment into offshore renewables • In 2012-13, build on Scotland’s advantages in Renewable Energy
through significant progress on the National Renewables Infrastructure Fund (NRIF)
• In 2012-13, secure 2-3 major offshore wind manufacturing investments in NRIF projects
• In 2012-13, develop and establish new mechanisms to
attract significant investment funding for the Renewables sector in Scotland
1.1 Over 2012-15, achieve leverage of £300 million to £350 million of additional private investment into offshore renewables, including £130 million to £150 million of additional private investment through NRIF
1.2 By 2014-15, attract £25 million to £30 million additional R&D investment through the International Technology and Renewable Energy Zone (ITREZ)
1.3 By 2014-15 achieve 7-10 major funding awards supporting significant R&D investments, prototypes or demonstration projects in Offshore Renewables
Priority 2: INTERNATIONAL TRADE AND INVESTMENT Stimulate the globally competitive position of Scotland’s companies and sectors in line with the ambitions of Scotland’s Trade and Investment Strategy, 2011-15.
Helping to increase Scotland’s International Trade • In 2012-13 increase by 10% the turnover growth generated in
international markets by account managed companies
• Launch a major drive to increase Scotland’s exports from the Oil & Gas sector, targeting new opportunities in key growth markets • Deliver a programme targeted at new markets to promote
exports in Food & Drink, with a strong emphasis on increasing food exports
2.1 By 2015, achieve a £1.2 billion to £1.7 billion increase in international sales from supported businesses
2.2 In 2012-13, 200-300 companies projecting significant turnover growth from exporting, including 130 to 190 projecting turnover growth of £1 million+
2.3 By 2015, 8,000 to 10,000 companies assisted to develop their capacity for exporting through initiatives like Smart Exporter Attracting Inward Investment
• In 2012-13, attract significant company investment to help establish the Edinburgh BioQuarter as an internationally- significant centre for Life Sciences
• In 2012-13, deliver a new funding programme to attract major hotel and resort investments in support of the Scottish tourism sector
2.4 By 2015, 25,000-35,000 planned jobs through the attraction of foreign investment – of which between 8,000 and 12,000 planned high value jobs
2.5 In 2012-13, 1,800-2,500 planned high value jobs from inward investment
Priority 3: GROWTH COMPANIES Support increased growth from the companies and sectors we work with Delivering increased company growth through account management
• By 2014-15, increase the number of account-managed
companies achieving ‘High Growth’ status to 200 3.1 In 2012-13, £800 million to £1.2 billion turnover growth achieved by account-managed firms
3.2 By 2014-15, increase the size of our account management portfolio by 10 to 20%
3.3 In 2012-13, help 250 to 350 account-managed companies develop their leadership and strategy
Helping Growth Companies and Exporters raise finance through the Scottish Investment Bank • In 2012-13, secure equity and debt finance for 75 growth and
exporting companies
• In 2012-13, establish a new investment vehicle to attract significant investment funding for the Life Sciences sector in Scotland
3.4 In 2012-13, achieve £60 million to £75 million of leveraged investment from funding provided through the Scottish Investment Bank
3.5 In 2012-13, help 350-400 companies secure growth finance by improving their Financial Readiness
Increasing company growth through capital investment and support for productivity growth
• In 2012-13, to support business tourism in Scotland, complete 3.6 In 2012-13, deliver £150 million to £250 million of additional
the expansion of the Edinburgh International Conference Centre capital investment in planned projects supported by
in Edinburgh and the new Scottish Hydro Arena in Glasgow Regional Selective Assistance (RSA) grants
• In 2012-13, deliver support to enable the Scottish tourism sector 3.7 In 2012-13, 400 – 500 companies achieving significant
to fully capitalise on opportunities arising from Scotland’s productivity and efficiency improvements, which over the next
hosting of the Commonwealth Games and the Ryder Cup in 2014 three years will be worth at least £60 million to £75 million
Priority 4: INNOVATION Improve the operational efficiency and competitiveness of companies and sectors through the exploitation of new ideas.
Improving Scotland’s economic performance by effective innovation by our companies
• In 2012-13, increase by 10% the revenue that our account- 4.1 In 2012-13, 350 to 400 companies completing innovation
managed companies generate from innovation activity projects which will result in turnover of £60 million-
£100 million over the next 3 years
4.2 In 2012-13, 3,500 to 4,000 companies accessing key sector market intelligence initiatives
Increasing Scotland’s investment in R&D
• In 2012-13, implement a programme of activity with HIE, 4.3 In 2012-13, secure £55 million to £75 million of additional
Scottish Funding Council and Scottish Government to maximise business R&D investment from SE-assisted projects
the contribution to innovation and R&D in Scotland from EU 4.4 In 2012-13, secure £50 million to £75 million of collaborative
funding R&D funding leveraged from other public sources
Building on Scotland’s strengths in science and technology
• In 2012-13, implement new integrated approach to Innovation 4.5 By 2014-15, generate 15-21 entrepreneurial companies capable
and Commercialisation, in partnership with HIE and the Scottish of achieving £5 million turnover growth within five years of
Funding Council trading, or attracting £10 million investment
• In 2012-13, work with the Scottish Funding Council to establish a mechanism for a range of industry supported Innovation Centres
Priority 5: THE TRANSITION TO A LOW-CARBON ECONOMY Increase economic impact of reduced CO2
emissions across all aspects of our operations
• Significant Low Carbon efficiencies and opportunities being 5.1 In 2012-13, secure between 40,000-50,000 tonnes of CO2
progressed in every sector savings arising from SE company support that improves
productivity • Increased coverage of SE funding of Low Carbon activity through
Scottish Enterprise Atrium Court 50 Waterloo Street Glasgow G2 6HQ Helpline: 0845 607 8787 E-mail: [email protected] www.scottish-enterprise.com SE/3530/Mar12