Scottish Business and Economy

Industries

•Agriculture, banking and finance, computing, construction, defence, electronics, emergency services, fishing, food and drink, forestry, life sciences, oil and gas, renewable energy, shipbuilding, textile, tourism, transport.

Oil and Gas• North sea oil reserves stand at two billion

tonnes of oil – as much has been produced over the last 25 years

• Scotland’s gas fields contain a maximum remaining reserve of 1330 billion cubic metres

• Scotland’s oil and gas companies are increasingly exporting their proven expertise to global markets

•Scotland’s vast experience in subsea technology means Scottish technology is being used to discover new oil fields across the world

• Scotland’s oil and gas industry generated a record £15.4 billion in export sales from 2008-2009

Oil and Gas• More than 150,00 people (six percent of

the working population) are employed by over 2000 companies in Scotland’s oil and gas

• Scotland’s oil and gas workforce benefits from five training and research centres

Renewable Energy• By 2020, The Scottish Government aims

to produce 100% of Scotland’s annual electricity consumption and 11% of Scotland’s heat demand

•Scotland has 25% of Europe’s tidal potential, 10% of its wave potential and 25% of offshore wind resources

• Wind power is now more common than hydro power as a form of renewable energy

Tourism

•£11bn industry•Pays wages of 200,000 people working in

Scotland•4th largest export earner•Event tourism is one of the fastest

growing industries•Sustainable and permanent industry

Whisky•The whisky industry generates around £4

billion a year•It employs around 36,000 people •The top five export markets (by value) are:

USA, France, Singapore, Germany and Spain

• Of Scotland’s Whisky regions, Speyside has the most distilleries

• Campbeltown is the smallest Whisky region and only has five distilleries

• Whisky is made from three basic ingredients: water, barley and yeast

• Whisky is made through malting, mashing, fermentation, distillation and maturation

•It has to be legally matured for three years before it can be sold

Whisky

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