Focused on delivering economic resilience and long-term growth through innovation and sustainability, Perth’s smart agenda for the future has started now.
Perth has always played a significant role in Scotland’s economy; the area has grown by 12% in the past 10 years and today records productivity of £58,700 – 17% higher than the Scottish average. As an area it is a main player in the traditional sectors of tourism and agriculture, and throughout the recent past, has reported higher than average employment.
Now, as we move further into the new, smart age in industry, the area has set its sights on ensuring long-term, meaningful change that will secure its reputation as the place to do business in Scotland and the UK.
Smart investing is being delivered through the the key pillars of energy, mobility and digital and aims to create added value through their integration into a single roadmap. Driven by a £700 million City Deal that will leverage ongoing investment and exciting research and development opportunities, the area has committed to increasing business productivity, accelerating decarbonisation, and creating high-worth, sustainable jobs.
Boasting a reputation for excellence in renewable energies, local energy systems, low carbon transport and waste management, the area’s senior economists and policymakers have placed a firm emphasis on energy and mobility smart solutions, including the Perth West development, that will deliver a unique proposition, integrating low carbon innovation within a single urban development.
Over 150 enterprises in this sector already have a base in Perth, including the James Hutton Institute, the McDermott Group and FTSE 100 companies, Scottish and Southern Energy (SSE) and Stagecoach.
By prioritising the growth and development of these world-class companies, alongside forward-thinking projects such as the Perth Smart Energy City Programme, Perth is well placed to lead the smart innovation sector into the future.